Kizspy | Question: 4
(Choose 1 answer)
(24918) The price of an S&P 500 Index futures contract is $988.26 when you decide to enter a long position.When the position is closed the futures price is $930.32. If there are no settlement requirements, what is your dollar gain or loss? (Ignore opportunity costs.)
A. $14,485 loss
B. $14,485 gain
C. $57.94 loss
D. $57.94 gain
