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Please help me understand better. As an example A quote for a futures contract for British pounds is 1.6683. The contract size for British pounds
Please help me understand better. As an example A quote for a futures contract for British pounds is 1.6683. The contract size for British pounds is 62,500.
What would the dollar equivalent of this contract be and how do I figure it out.
thanks
Gitman, L. J., Joehnk, M. D., & Smart, S. B. (2011). Fundamentals of investing (11th ed.).
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