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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?...

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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Answer: Based on the CME GBP/USD Futures information, the futures prices... View the full answer

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