What is the speculator mark-to-market for the day

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At 10 a.m., a speculator takes a short position in 2 futures contracts on the S&P 500 index. The 10 a.m. futures level is 3,818.01 and the contract multiplier is $250. The futures settlement level at the end of the day is 3,798.40. What is the speculator's mark-to-market for the day?

Reference no: EM132796805

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