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Suppose you buy a stock at 62$ and sell futures contract at 59$. What is your profit at expiration if the asset price goes to
Suppose you buy a stock at 62$ and sell futures contract at 59$. What is your profit at expiration if the asset price goes to 67$ (Ignore carrying cost)
a)+3 $
b) -5 $
c) $-1
d) +1 $
e) None of the above
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