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Suppose that you shorted a Dec. S&P 500 futures contract (250 x index) a couple of weeks ago at 1222.50.Its current price is 1178.30.Yesterday it

Suppose that you shorted a Dec. S&P 500 futures contract (250 x index) a couple of weeks ago at 1222.50.Its current price is 1178.30.Yesterday it fell by 19.60.

What's your profit or loss since you opened the contract?

What was your profit or loss yesterday (for that one day)?

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