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S&P 400 Midcap (CME) - $500 * Index -What Was Your Profit If You Sold Fifteen April S&P

Question 83

Multiple Choice

S&P 400 Midcap (CME) - $500 * Index

 Lifetime  Open  Open  High  Low  Settle  Chg  High  Low  Int  Mar 502.25506.30497.25505.75+2.50532.50474.151,432 Apr 501.25508.75496.75504.301.25540.35478.30867\begin{array}{lcccccccc} & & & & & &{\text { Lifetime }} && \text { Open } \\& \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } & \text { High } & \text { Low } & \text { Int } \\\text { Mar } & 502.25 & 506.30 & 497.25 & 505.75 & +2.50 & 532.50 & 474.15 & 1,432 \\\text { Apr } & 501.25 & 508.75 & 496.75 & 504.30 & -1.25 & 540.35 & 478.30 & 867\end{array}
-What was your profit if you sold fifteen April S&P Midcap 400 futures at the close on the previous day and closed your position on the closing price this day?


A) -$8,625
B) $9,375
C) -$7,850
D) $8,625
E) -$9,375

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