Multiple Choice
If you sold an S&P 500 Index futures contract at a price of 2950 and closed your position when the index futures was 2947, you incurred
A) a loss of $1,500.
B) a gain of $1,500.
C) a loss of $750.
D) a gain of $750.
E) None of the options are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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