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Assume that you purchased an S&P futures contract in the beginning of January 2021, with the first settlement date being in the beginning of May
Assume that you purchased an S&P futures contract in the beginning of January 2021, with the first settlement date being in the beginning of May 2021. Also assume that you sold an S&P futures contract with this same settlement date in the beginning of May 2021. Given that this contract has a value of the futures price times, determine the difference between the dollar value of the contract you sold and the dollar amount of the contract you purchased.
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