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Jim sells (goes short) a futures contract on crude oil. The contract size is 10,000...

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Finance

Jim sells (goes short) a futures contract on crude oil. The contract size is 10,000 barrels and the initial price is $100.00 per barrel. The following day the price moves to $100.10. What is the total dollar amount of the gain or loss for the entire 10,000 barrel contract? Enter your answer to the nearest cent (i.e. two decimal places) and insert a negative sign if the amount is a loss.

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