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If You Took a Short Position in Three S&P 500

Question 22

Multiple Choice

If you took a short position in three S&P 500 futures contracts at a price of 900 and closed the position when the index futures was 885, you incurred


A) a gain of $11,250.
B) a loss of $11,250.
C) a loss of $8,000.
D) a gain of $8,000.

Correct Answer:

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