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Yesterday, you entered into a futures contract to buy 62,500 at $1.20 per . Suppose that the futures price closes today at $1.16. How much

Yesterday, you entered into a futures contract to buy 62,500 at $1.20 per . Suppose that the futures price closes today at $1.16. How much have you made/lost?

a. Depends on your margin balance

b. You have made $2,500.00

c. You have lost $2,500.00

d. You have neither made nor lost money, yet.

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