Suppose you buy a futures contract at $150. If the futures price changes to $147, what is its value an instant before it is marked-to-market?
a. 0
b. $3
c. -$3
d. it is impossible to tell
e. none of the above
Answer: C
Suppose you buy a futures contract at $150. If the futures price changes to $147, what is its value an instant before it is marked-to-market?
a. 0
b. $3
c. -$3
d. it is impossible to tell
e. none of the above
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