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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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