Question
You sold 3 DJIA index futures at a price of 29,200. The contract size is $10 times the level of the index. The futures are
You sold 3 DJIA index futures at a price of 29,200. The contract size is $10 times the level of the index. The futures are maturing today when the price is 28,870. What is the amount of your profit or loss?
Select one:
a. -$9,900
b. $330
c. $9,900
d. -$330
e. $990
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
