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A trader acquires four December 2023 10-year Treasury note futures contracts at 120-200. The settlement price for the contracts on the following day stands at

A trader acquires four December 2023 10-year Treasury note futures contracts at 120-200. The settlement price for the contracts on the following day stands at 119-160. Determine the marked-to-market profit or loss for the trader.

Group of answer choices

-$4500

-$2,343.76

$167.78

$2,343.76

$4,500

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