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Brooke entered into a forward contract to sell 100 shares of ABC stock at a price of $13 per share in exactly 9 months. Now,

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Brooke entered into a "forward contract to sell 100 shares of ABC stock at a price of $13 per share in exactly 9 months. Now, the nine-month period has expired. ABC stock is trading at $9 per share. What are the economic consequences for Brooke? She has lost $900 She has gained $1.300 She has lost $400 She has gained $400

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