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D Question 7 2 pts In September 2020 a company takes a short position in a contract on May 2021 crude oil futures. It closes

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D Question 7 2 pts In September 2020 a company takes a short position in a contract on May 2021 crude oil futures. It closes out its position in March 2021. The futures price (per barrel) is $68.50 when it enters into the contract, $67.55 when it closes out its position, and $49.35 at the end of December 2020. One contract is for the delivery of 1,000 barrels. What is the company's total profit (or loss)? O $19,150 0-$18,200 O $950 0-$950

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