What would be your profit loss if you closed your position


On April 1, you sold one S&P 500 index futures contract (with one contract being on 250 times the index) at a futures price of 950. If on June 15th the futures price were 1012, what would be your profit (loss) if you closed your position (without considering transactions costs)?

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Financial Management: What would be your profit loss if you closed your position
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