ABC entered into 3 short futures contracts for AC common shares. Each contract has a standard size of 1,000 shares and a total agreed price of P1,200. On the agreed date, the market value of an AC share is P1,180   Compute the net gain or (loss).

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ABC entered into 3 short futures contracts for AC common shares. Each contract has a standard size of 1,000 shares and a total agreed price of P1,200. On the agreed date, the market value of an AC share is P1,180

 

Compute the net gain or (loss).

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