Question
On April 1, you sold one S&P 500 index futures contract (with one contract being on 250 times the index) at a futures price of
On April 1, you sold one S&P 500 index futures contract (with one contract being on 250 times the index) at a futures price of 950. If on June 15th the futures price were 1012, what would be your profit (loss) if you closed your position (without considering transactions costs)?
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Finance Operations
Authors: Charles Finley
1st Edition
1491292423, 978-1491292426
