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William is buying 43 futures contracts on Hong Kong dollar (7,000 HK$ per contract) at the settle price of $0.128/HK$. What is the value of

William is buying 43 futures contracts on Hong Kong dollar (7,000 HK$ per contract) at the settle price of $0.128/HK$. What is the value of his position at maturity if the ending spot rate is $0.139/HK$?

$2,205

$3,311

$4,301

-$3,210

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