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Assume that in January, Bobby implements a spreading strategy on E-Mini S&P 500 futures ($50 multiplier). He longs one March future (futures price of 3,141

Assume that in January, Bobby implements a spreading strategy on E-Mini S&P 500 futures ($50 multiplier). He longs one March future (futures price of 3,141 and simultaneously shorts one November future (futures price of 3,223). After one month, the March future is trading at 3,263, and the November future is trading at 3,599. What is her net profit or loss? Enter your answer in dollars, and enter a loss as a negative number.

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