If You Took a Short Position in Three S&P 500

question 2

Multiple Choice

If you took a short position in three S&P 500 futures contracts at a price of 900 and closed the position when the index futures was 885, you incurred

• A) a gain of $11,250.
• B) a loss of $11,250.
• C) a loss of $8,000.
• D) a gain of $8,000.
• E) None of the options are correct.

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