On January 1, You Bought One April S&P 500 Index

question 32

Multiple Choice

On January 1, you bought one April S&P 500 index futures contract at a futures price of 3,420. If, on February 1, the April futures price was 3,430, what would be your profit (loss) if you closed your position (without considering transactions costs) ?

• A) $2,500 loss
• B) $10 loss
• C) $2,500 profit
• D) $10 profit

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