The spot price of the market index is $900.A 3-month forward contract on this index is priced at $930.What is the profit or loss to a short position if the spot price of the market index rises to $920 by the expiration date?
A) $20 gain
B) $20 loss
C) $10 gain
D) $10 loss

Question

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The Answer of The spot price of the market index is $900.A 3-month forward contract on this index is priced at $930.What is the profit or loss to a short position if the spot price of the market index rises to $920 by the expiration date?
A) $20 gain
B) $20 loss
C) $10 gain
D) $10 loss

The Spot Price of the Market Index Is $900