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.
E) None of the options are correct.
Correct Answer:
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