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You have one euro contract (125,000) to sell the euro in December at an exercise price of $1.02/1. The December euro contract has increased in
You have one euro contract (125,000) to sell the euro in December at an exercise price of $1.02/1. The December euro contract has increased in price to 1.06/1. If you close out your contract did you have a dollar gain or a loss and what was the amount?
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