Marks Insurance Company sold S&P 500 stock index futures that specified an index of 1690. When the
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Marks Insurance Company sold S&P 500 stock index futures that specified an index of 1690. When the position was closed out, the index specified by the futures contract was 1,720. Determine the profit or loss, ignoring transaction costs.
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Selling price 250 1690 42...View the full answer
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