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The price of an S&P 500 Index futures contract is $988.26 when you decide to enter a short position. When the position is closed the
The price of an S&P 500 Index futures contract is $988.26 when you decide to enter a short position. When the position is closed the futures price is $930.32. If there are no settlement requirements, what is your percentage gain or loss under a 15.0% margin requirement? (Ignore opportunity costs.) 39% gain 39% loss 43% gain 43% loss
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