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If You Purchased One S&P 500 Index Futures Contract at a Price

Question 16

Multiple Choice

If you purchased one S&P 500 Index futures contract at a price of 1,550 and closed your position when the index futures was 1,547, you incurred

A) a loss of $1,500.
B) a gain of $1,500.
C) a loss of $750.
D) a gain of $750.

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