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You bought 4 S&P 500 futures contracts with a future price of 1,544.39. At expiration, the S&P 500 index price is 1,682.42. What is your
You bought 4 S&P 500 futures contracts with a future price of 1,544.39. At expiration, the S&P 500 index price is 1,682.42. What is your profit and loss on the transaction? Remember, each contract represents ownership in 250 shares of the index. Answer to the nearest cent and do
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