You sell S&P 500 stock index futures that specified an index
Question # 00528169
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Updated on: 05/16/2017 12:52 AM Due on: 05/16/2017
You sell S&P 500 stock index futures that specified an index of 1,725. When you close this position, the index specified by the futures contract was 1,815. Determine the profit or loss, ignoring transaction costs.
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Solution: You sell S&P 500 stock index futures that specified an index