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12. Suppose you short an E-mini S&P 500 stock index futures contract at 3,800 today. The contract multiplier is $50 per point. At the

12. Suppose you short an E-mini S&P 500 stock index futures contract at 3,800 today. The contract multiplier is $50 per point. At the end of the day the futures price settles at 3,825. The short-term interest rate equals 1.00 per cent. What is the mark to market value of your futures position at the end of the trading day?

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