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Question 2 a ) An oil futures contract requires the long trader to buy 1 , 0 0 0 barrels of oil. A trader buys
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a An oil futures contract requires the long trader to buy barrels of oil. A trader buys one November oil futures contract at a price of $ per barrel. Theoretically, what is the maximum loss this long trader can have?
b Another trader sells one November oil futures contract. Theoretically, what is the maximum loss this short trader can have?
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