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On June 1, you sold one December S&P 500 Index futures contract at a futures price of 1,300. If the December futures price is 1,250

On June 1, you sold one December S&P 500 Index futures contract at a futures price of 1,300. If the December futures price is 1,250 on June 25, your profit would be __________ if you close your position. (The contract multiplier is 250.)

Multiple Choice

A $15,000

B $12,500

C $12,500

D $15,000

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