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11. On April 1, you sold one S&P 500 Index futures contract at a futures price of 1,550. If, on June 15, the futures price
11. On April 1, you sold one S&P 500 Index futures contract at a futures price of 1,550. If, on June 15, the futures price was 1,612, what would be your profit (loss) if you closed your position (without considering transactions costs)? S&P 500 futures represent has a multiplier of $250 times the index value. A. $1,550 loss B. $15,500 loss C. $15,500 profit D. $1,550 profit
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