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Suppose you enter into a long 3-month futures contract with F=1,711. What is the payoff in 3 month, if the spot price jumps up to
Suppose you enter into a long 3-month futures contract with F=1,711. What is the payoff in 3 month, if the spot price jumps up to S=1,930. (Suppose no margin calls happened in the 3 months)
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