What is your dollar gain or loss

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Reference no: EM131071427

The price of an S&P 500 Index futures contract is $988.26 when you decide to enter a long position. When the position is closed the futures price is $930.32. If there are no settlement requirements, what is your dollar gain or loss? (Ignore opportunity costs.)

A) $14,485 loss

B) $14,485 gain

C) $57.94 loss

D) $57.94 gain

Reference no: EM131071427

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