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You sell a futures contract on a stock index when the futures price is $3,450. In one month, the futures price of the same contract

You sell a futures contract on a stock index when the futures price is $3,450. In one month, the futures price of the same contract is $3,200. Which of the following is correct?

a.

You have lost $250 per unit of the index, and your account has been marked to market

b.

You have lost $250 per unit of the index, but your account will not be settled until maturity

c.

You have gained $250 per unit of the index, and your account has been marked to market

d.

You have gained $250 per unit of the index, but your account will not be settled until maturity

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