Question
On 1st April Mr. Sarath bought S&P SL 20 index futures contract which cost him Rs. 610,200. For this he had to pay an initial
On 1st April Mr. Sarath bought S&P SL 20 index futures contract which cost him Rs. 610,200. For this he had to pay an initial margin of 61,020 to his broker. Each S&P SL 20 futures contract is for delivery of 200 S&P SL 20. On 25th April, the index closed at Rs. 3080. How much profit/ loss did he make?
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Wealth Mastery Unveiled By Marcus M Dawson A Millennial S Guide To Financial Freedom And Success
Authors: Marcus M. Dawson
1st Edition
979-8865054313
