Why is the initial value of a futures contract zero

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Why is the initial value of a futures contract zero? the futures is immediately marked-to-market you do not pay anything for it the basis will converge to zero the expected profit is zero because the futures price and spot price will be the same at expiration

Reference no: EM13950697

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Why is the initial value of a futures contract zero : Why is the initial value of a futures contract zero

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