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Use the cme as a reference on 632016 if you purchase a

Question - 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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Accounting Basics: Use the cme as a reference on 632016 if you purchase a

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