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

question 71

Multiple Choice

On January 1,you sold one April S&P 500 index futures contract at a futures price of 420.If on February 1 the April futures price were 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
• E)none of the above

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Definitions:

Providing Investors

The act of offering opportunities or information to individuals or entities willing to allocate resources with the expectation of a future financial return.

Buying And Selling Decisions

The process of evaluating and determining whether to purchase or sell goods, assets, or services, usually based on factors such as price, quality, and timing.

More Information

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Securities Act Of 1933

A U.S. law enacted as part of the New Deal, aimed at regulating the offer and sale of securities to protect against fraud.