Index futures contract at a futures price

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Reference no: EM13922191

On January 1, you sold one April S&P 500 Index futures contract at a futures price of 895. If the April futures price is 800 on February 1, your profit would be __________ if you close your position. (The contract multiplier is 250.)

A) −$26,250

B) −$23,750

C) $26,250

D) $23,750

Reference no: EM13922191

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