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An Investor Bought a March S&P 500 Index Futures Contract

Question 39

Multiple Choice

An investor bought a March S&P 500 Index futures contract in December for $1,490.05. After six months the contract value went up to $1,539.95. The contract has a multiplier of 250. What is the dollar profit?


A) $1,996
B) $19,960
C) $12,475
D) $1,247.50
E) $199.60

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