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

Question 8

Multiple Choice

If you took a short position in two S&P 500 futures contracts at a price of 1,510 and closed the position when the index futures was 1,492, you incurred


A) a gain of $9,000.
B) a loss of $9,000.
C) a loss of $18,000.
D) a gain of $18,000.
E) None of the options

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