On April 1,you Bought One S&P 500 Index Futures Contract

question 7

Multiple Choice

On April 1,you bought one S&P 500 index futures contract at a futures price of 950.If on June 15^th the futures price were 1012,what would be your profit (loss) if you closed your position (without considering transactions costs) ?

• A)$1,550 loss
• B)$15,550 loss
• C)$15,550 profit
• D)$1,550 profit
• E)none of the above

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