Question
If you took a short position in two S and P 500 futures contracts at a price of $1510 and closed the position when the
If you took a short position in two S and P 500 futures contracts at a price of $1510 and closed the position when the index futures was $1492, you incurred:
A gain of $9000
A loss of $9000
A loss of $18000
A gain of $18000
A gain of 90,000
A loss of $90,000
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The Future Of Financea The LSE Report
Authors: Chairman Adair Turner, Paul Woolley, Andrew Dr Haldane, Richard Layard, Andrew G. Haldane, Paul Wooley
1st Edition
085328458X, 978-0853284581
