On April 1, You Sold One S&P 500 Index Futures

question 33

Multiple Choice

On April 1, you sold one S&P 500 Index futures contract at a futures price of 1,550. If, on June 15, the futures price was 1,612, what would be your profit (loss) if you closed your position (without considering transactions costs) ?

• A) $1,550 loss
• B) $15,550 loss
• C) $15,550 profit
• D) $1,550 profit

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Definitions:

Perfect Equality Line

A hypothetical line on a graph representing a situation where everyone has exactly the same income or wealth, demonstrating absolute equality.

Points

In various contexts, points can refer to units of measurement, aspects of discussion, or rewards accumulated from transactions.

Straight Line

The shortest distance between two points, often used to describe a method of linear depreciation in accounting.

Cumulative Share

The total percentage or portion of something that accumulates over time or through successive additions.