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Assume that S&P500 Index Futures trade at 4200 points. One contract of S&P 500 futures has the monetary value computed as the Index value (in

Assume that S&P500 Index Futures trade at 4200 points. One contract of S&P 500 futures has the monetary value computed as the Index value (in this case 4200) times $50. Assume that S&P500 goes down to 4150, what is the gain (or loss) for somebody who holds a short position?

50 loss

50 gain

2500 loss

2500 gain

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