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Question 9 (6 points) Listen An investor speculates that exchange between Dollar and Pound will be $1.42/ in August and he trades August expiration futures
Question 9 (6 points) Listen An investor speculates that exchange between Dollar and Pound will be $1.42/ in August and he trades August expiration futures contract with settlement price of $1.24/. Calculate his profit, given that the contract size is 62,500 and his speculation comes true. (We are in April). a) 3,750 Ob) 7,500 c) 10,000 d) 11,250
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