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A trader takes a long position and a hedge fund takes a shortposition on ten 1-monthS&P 500 futures contracts at 1300. A single S&P 500

A trader takes a long position and a hedge fund takes a shortposition on ten 1-monthS&P 500 futures contracts at 1300. A single S&P 500 futurescontract equals ($250) x(Index Value). The in 2 answers

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