Question
On January 1, you sold one April S&P 500 index futures contract at a futures value of 3,900. If the April futures value is 3,850
On January 1, you sold one April S&P 500 index futures contract at a futures value of 3,900. If the April futures value is 3,850 on February 1, your profit would be __________ if you close your position. (The contract multiplier is $250.)
-$12,500
-$15,000
$15,000
$12,500
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
