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The three-month futures price for the British pound is $3160/. You expect the spot price three months from today to be $1.3680/. The British pound

The three-month futures price for the British pound is $3160/. You expect the spot price three months from today to be $1.3680/. The British pound contract size is 62,500.

1. If you decide to buy 68 British pound futures contracts, how much money do you need today as your initial investment other than the margin you need to post?

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