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You enter into a cash settled futures contract to sell 200 barrels of oil in 6 months at a price of $25 per barrel. Upon

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You enter into a cash settled futures contract to sell 200 barrels of oil in 6 months at a price of $25 per barrel. Upon expiry, oil is selling for $30 per barrel in the market. How will the futures contract be settled? a) You will receive 200 barrels of oil b) You will receive $1,000 c) You will pay $1,000 d) You will deliver 200 barrels of oil

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