The Price of an S&P 500 Index Futures Contract Is

question 19

Multiple Choice

The price of an S&P 500 Index futures contract is $988.26 when you decide to enter a long position.When the position is closed the futures price is $930.32.If there are no settlement requirements,what is your percentage gain or loss under a 15.0% margin requirement? (Ignore opportunity costs.)

• A) 39% gain
• B) 39% loss
• C) 43% gain
• D) 43% loss

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