Do problem 1 again assuming you have a long position in the futures
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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....

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