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The contract size for futures on Wells Fargo stocks is 100 shares. Suppose the current futures price is $125 per shares. If you purchased 3

The contract size for futures on Wells Fargo stocks is 100 shares. Suppose the current futures price is $125 per shares. If you purchased 3 contracts, what is your dollar profit if the stock sells for $88 a share when the futures contract expires? $11,100 Loss $11,100 Gain $111 Loss $3,700 Loss

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