Question
On January 1, you bought one April S&P 500 index futures contract at a futures price of 1,420. If, on February 1, the April futures
On January 1, you bought one April S&P 500 index futures contract at a futures price of 1,420. If, on February 1, the April futures price was 1,430, what would be your profit (loss) if you closed your position (without considering transactions costs)?
| A. | $2,500 loss | |
| B. | $10 loss | |
| C. | $2,500 profit | |
| D. | $10 profit |
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
5th Edition
1567934250, 978-1567934250
