On April 1, you bought one S&P 500 Index futures contract at a futures price of 1,550.If on June 15 the futures price were 1,612, what would be your profit (loss) if you closed your position (without considering transactions costs)
A) $1,550 loss
B) $15,550 loss
C) $15,550 profit
D) $1,550 profit
Correct Answer:
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