You Took a Short Position in Two S&P 500 Futures

question 2

Multiple Choice

You took a short position in two S&P 500 futures contracts at a price of 910 and closed the position when the index futures was 892,you incurred:

• A)a gain of $9,000.
• B)a loss of $9,000.
• C)a loss of $18,000.
• D)a gain of $18,000.
• E)None of the above.

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Definitions:

Mean

The mean of a collection of numbers, found by dividing their total sum by the quantity of numbers in the set.

μ

The symbol commonly used to represent the mean or average of a population in statistics.

σ

Represents the standard deviation of a population in statistics, measuring the dispersion of dataset values from the mean.

Normally Distributed

Refers to a probability distribution that is even on both sides of its mean, indicating that values close to the mean happen more often than values far from the mean.