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be longs 10 universal stock futures on a large UK company at a price of $4 50 . The next day the futures price has

be longs 10 universal stock futures on a large UK company at a price of $4 50 . The next day the futures price has risen to f4 95 and Joe closes out . What profit does Joe make ? a . ED . 45 B. $4.50 C. $ 450 d . $ 4500

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