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

On April 1,you bought one S&P 500 index futures contract at a futures price of 950.If on June 15^th the futures price were 1012,what would be your profit (loss) if you closed your position (without considering transactions costs) ?

A) $1,550 loss
B) $15,550 loss
C) $15,550 profit
D) $1,550 profit
E) none of the above

Correct Answer:

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