Kizspy | Question: 13
(Choose 1 answer)
(24925) The spot price of the market index is $900. A 3-month forward contract on this index is priced at $930. What is the profit or loss to a short position if the spot price of the market index rises to $920 by the expiration date?
A. $20 gain
B. $20 loss
C. $10 gain
D. $10 loss
