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Suppose you sold a pound futures contract three days ago at $1.44/. Over the next three days the settle price of the futures contract was
Suppose you sold a pound futures contract three days ago at $1.44/. Over the next three days the settle price of the futures contract was $1.39,$1.41, and $1.36 (today's settle price). Each futures contract is for 62,500. If you initially posted $5,000, what is the balance in your account at the end of each of these three days? (6 points)
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