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You sell a futures contract on a stock index when the futures price is $3,450. In one month, the futures price of the same contract
You sell a futures contract on a stock index when the futures price is $3,450. In one month, the futures price of the same contract is $3,200. Which of the following is correct?
a. | You have lost $250 per unit of the index, and your account has been marked to market | |
b. | You have lost $250 per unit of the index, but your account will not be settled until maturity | |
c. | You have gained $250 per unit of the index, and your account has been marked to market | |
d. | You have gained $250 per unit of the index, but your account will not be settled until maturity |
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