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If the Futures Price at 3:00 P

Question 57

Multiple Choice

If the futures price at 3:00 p.m.is 122,the spot price is 142.5 and the CF is 1.1575,by how much must the spot price fall by 5:00 p.m.to justify delivery?


A) 1.285
B) 1.1102
C) 20.50
D) 17.71
E) 42.94

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