Question
On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,030. If the April futures price is 950
On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,030. If the April futures price is 950 on February 1, your profit would be __________ if you close your position. (The contract multiplier is 250.)
A. -20,000
B. -22,500
C. 22,500
D. 20,000
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
