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7. (5 points) Suppose you short 2 futures contracts of SwF 125,000 at a price of $1.05/SwF. Three months later you close out the position

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7. (5 points) Suppose you short 2 futures contracts of SwF 125,000 at a price of $1.05/SwF. Three months later you close out the position by buying a contract at a price of $1.0122/SwF. If you pay a round trip commission charge of $70 each, what is your profit or loss on the contracts

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