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CFA Level I Pricing and Valuation of Futures Contracts question

Derivatives / Pricing and Valuation of Futures Contracts

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Pricing and Valuation of Futures Contracts sample question

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Derivatives

Pricing and Valuation of Futures Contracts

Priya Raman sells four equity index futures contracts at a price of 1,850.00; the contract multiplier is USD 25 per index point. The settlement price is 1,861.50 at the end of Day 1 and 1,842.75 at the end of Day 2. The cumulative mark-to-market cash flow on Raman's position over the two days is closest to:

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