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On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,120. If the April futures price is 1,050
On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,120. If the April futures price is 1,050 on February 1, your profit would be __________ if you close your position. (The contract multiplier is 250.)
Multiple Choice
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$17,500
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$20,000
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$20,000
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$17,500
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