Describe what unwinding a futures contract means

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1) Describe what "unwinding" a futures contract means. What are the cash flows? Answer for both unwinding a long position and a short position.

2) Does a positive basis work for me or against me when I need to buy an asset? How about when I need to sell an asset?

Reference no: EM133120228

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Describe what unwinding a futures contract means : 1) Describe what "unwinding" a futures contract means. What are the cash flows? Answer for both unwinding a long position and a short position.
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