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What is the traders gain or loss on contract

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Reference no: EM132618196

Suppose that a trader buys a Swiss franc futures contract (contract size is SFr 125,000) at a price of $0.83. If the spot rate for the Swiss franc at the date of settlement is SFr 1 = $0.8250, what is the traders gain or loss on this contract (in $)?

Reference no: EM132618196

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