Do problem 1 again assuming you have a long position in the futures
2. Do problem 1 again assuming you have a long position in the futures contract.
Hint
Accounts & FinanceFutures contract: A futures contract is a legal agreement, at a predetermined price, to buy or sell the particular commodity asset, or the security at a specified time in the future. Also, this futures contracts are standardized for the quality and quantity to facilitate the trading on the futures exchange....
Futures contract: A futures contract is a legal agreement, at a predetermined price, to buy or sell the particular commodity asset, or the security at a specified time in the future. Also, this futures contracts are standardized for the quality and quantity to facilitate the trading on the futures exchange.