Suppose two days before expiration, a party goes long on futures contract at a price of $48.
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Question:
Suppose two days before expiration, a party goes long on futures contract at a price of $48. The following day, the settlement price is $52. On the day of expiration, the settlement price is $49. If the party wish to do a cash settlement, what will be the gain or loss?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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