Using the following information regarding trades that an investor has made using equity index futures, calculate the overall payoff. Initial trade direction Initial trade date Closing out trade direction Preferred stock value Value of 1 index point per contract Number of contracts traded Index value - June 16th Futures price - June 16th Index value - July 23rd Futures price - July 23rd Select one: (165,000.00) 123,750.00 138,750.00 46,250.00 Long June 16th Short July 23rd 250.0 3.0 2,450.0 2,485.0 2,650.0 2,670.0

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