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The price of an S&P 500 Index futures contract is 978.06 when you decided to tak...
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The price of an S&P 500 Index futures contract is 978.06 when you decided to take a short position. When the position is closed the futures price is 950.30. If there are no settlement requirements, what is your dollar gain or loss? Each S&P 500 contract is for $250 times the index value.
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