On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,420.If on February 1 the April futures price were 1,430, what would be your profit (loss) if you closed your position (without considering transactions costs)
A) $2,500 loss
B) $10 loss
C) $2,500 profit
D) $10 profit
Correct Answer:
Verified
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