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
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 $750.
B. a gain of $750.
C. a loss of $1,500.
D. a gain of $1,500.
E. None of the options are correct.
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Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
