Question
Sam has a long position in one coffee futures contract that expires in June. To close her position, she should: A. Buy one coffee contract
Sam has a long position in one coffee futures contract that expires in June. To close her position, she should:
A. Buy one coffee contract that expires in June.
B. Sell one coffee contract that expires in June.
C. Trade her long position contract.
D. Buy two coffee contracts that expire in June.
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Step: 1
C Trade her long position contract If an investor has long positions it means that the investor has ...Get Instant Access to Expert-Tailored Solutions
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Risk Management and Financial Institutions
Authors: Hull John
4th edition
1118955943, 978-1118955949
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