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     EduGorilla 
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    Direction: Read the given information and answer the questions that follow.
    Suppose that, at the open of trading today, you went long one April FF futures contract. The agreed upon price was INR 120/1FF for a FF 250,000 contract. At the close of trading today, the futures price has risen to INR 125/1FF, and you decide to keep your long position open. Assume that there are no brokerage fees to buy or sell the contract. Suppose the initial margin is INR 200, 000 and the maintenance margin is INR 160, 000.

    Under Marking to market, what happens to you at the end of the day? Choose one of the following:

    Options :-

    1. You hold a future contract that has risen in value by
    2. You hold a future contract that has fallen in value by
    3. You receive INR 1250,000 and a new futures contract priced at INR 125 (in replacement of the original futures contract with a price of INR 120)
    4. You must pay over INR 1250, 000 to the seller of the futures contract
    5. None of these
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