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

question 39

Multiple Choice

On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,420.If on February 1 the April futures price were 1,430, 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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