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Problem 5 ( 2 p t ) An investor takes a short position in one E - mini SP 5 0 0 futures contract. Each

Problem 5(2pt)
An investor takes a short position in one E-mini SP500 futures contract. Each contract delivers $50 times the SP500 index. Suppose that the SP500 index changes from 3,860.00 to 3,986.50. How much does the investor gain or loses?
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