S&P 400 Midcap (CME) - $500 * Index -What Was Your Profit If You Sold Fifteen April S&P

question 99

Multiple Choice

S&P 400 Midcap (CME) - $500 * Index

$\begin{array}{lcccccccc} & & & & & &{\text { Lifetime }} && \text { Open } \\& \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } & \text { High } & \text { Low } & \text { Int } \\\text { Mar } & 502.25 & 506.30 & 497.25 & 505.75 & +2.50 & 532.50 & 474.15 & 1,432 \\\text { Apr } & 501.25 & 508.75 & 496.75 & 504.30 & -1.25 & 540.35 & 478.30 & 867\end{array}$
-What was your profit if you sold fifteen April S&P Midcap 400 futures at the close on the previous day and closed your position on the closing price this day?

• A) -$8,625
• B) $9,375
• C) -$7,850
• D) $8,625
• E) -$9,375

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