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On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,030. If the April futures price is 950

On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,030. If the April futures price is 950 on February 1, your profit would be __________ if you close your position. (The contract multiplier is 250.)

A. -20,000

B. -22,500

C. 22,500

D. 20,000

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