Question 21 (1 point) An equity portfolio manager sells 1 S&P 500 index futures contract with an index value of 2,000. At maturity, each contract pays $250 for each index point above or below the futures price. If at maturity the spot S&P index is 1,900 how will the contract be settled? The portfolio manager will pay $25,000 The portfolio manager will receive $25,000 The portfolio manager will receive $25,000 worth of stocks, The portfolio manager will have to deliver $25,000 worth of stocks