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An investor sells a futures contract an asset when the futures price is $1,500. Each contract is on 100 units of the asset. The contract

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An investor sells a futures contract an asset when the futures price is $1,500. Each contract is on 100 units of the asset. The contract is closed out when the futures price is $1,540. By calculating, we find the investor made a net loss of $4,000 True False

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