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Posted on Jul 11, 2024

Suppose that yesterday you purchased one July futures contract at the settle price. At the close of business today, how much is your contract worth?

Suppose that yesterday you purchased one July futures contract at the settle price. At the close of business today, how much is your contract worth? (Ignore margin considerations.)
1. $750 less than yesterday
2. $1,020 less than yesterday
3. $750 more than yesterday
4. $1,020 more than yesterday
5. $147,000 more than yesterday

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