If You Sold an S&P 500 Index Futures Contract at a Price

question 38

Multiple Choice

If you sold an S&P 500 Index futures contract at a price of 950 and closed your position when the index futures was 947, you incurred

• A) a loss of $1,500.
• B) a gain of $1,500.
• C) a loss of $750.
• D) a gain of $750.
• E) None of the options are correct.

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Definitions:

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A principle in psychology that states the smallest change in a stimulus that can be detected is a constant proportion of the stimulus level.

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