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On October 16, The CME December SOFR futures is quoted at 99.7 An investor takes a short position on 10 contracts. On November 23, the

On October 16, The CME December SOFR futures is quoted at 99.7 An investor takes a short
position on 10 contracts. On November 23, the investor closes out the position when the SOFR
futures price is quoted at 97.2 What is the investors profit or loss after closing the position?

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