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Laura sells an S&P 500 futures contract with a September settlement date when the index is 1610. By the settlement date, the S&P 500 index

Laura sells an S&P 500 futures contract with a September settlement date when the index is 1610. By the settlement date, the S&P 500 index falls to 1400. The return on Laura's position in the S&P 500 futures contract is ____ percent.

a.
25

b.
-20

c.
-10

d.
20

e.
15

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Laura sells an S&P 500 futures contract with a September settlement date when the index is 1610. By the settlement date, the S&P 500 index

Laura sells an S&P 500 futures contract with a September settlement date when the index is 1610. By the settlement date, the S&P 500 index falls to 1400. The return on Laura's position in the S&P 500 futures contract is ____ percent. a. 25 b. -20 c. -10 d. 20 e. 15

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Laura sells an S&P 500 futures contract with a September settlement date when the index is 1610. By the settlement date, the S&P 500 index falls to 1400. The return on Laura's position in the S&P 500 futures contract is ____ percent.

a.
25

b.
-20

c.
-10

d.
20

e.
15