A trader shorts 25 90-day bank bill futures contracts at 97.36 and buys 18 of...

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Accounting

A trader shorts 25 90-day bank bill futures contracts at 97.36 and buys 18 of them back later that day at 97.32 and three days later buys back the remaining 7 contracts at 97.39. How much profit did the trader make?

($1,241.09)

$1,241.11

$1,241.09

($54.24)

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