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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

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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 25, your profit would be if you close your position (The contract multiplier is 250) Multiple Choice $12,500 $15,000 -$12,500 -$15,000

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