Use the CME as a reference on 6/3/2016. If you purchase a British pound futures contract with
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Use the CME as a reference on 6/3/2016. If you purchase a British pound futures contract with the closest settlement date, what is the futures price? Given that the contract is based on 6,500 pounds, what is the dollar amount you will need at settlement to fulfill the contract?
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Related Book For 
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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