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On January 1,you Bought One April S&P 500 Index Futures

Question 41

Multiple Choice

On January 1,you bought one April S&P 500 index futures contract at a futures price of 420.If on February 1 the April futures price were 430,what would be your profit (loss) if you closed your position (without considering transactions costs) ?


A) $2,500 loss
B) $10 loss
C) $2,500 profit
D) $10 profit
E) none of the above

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