Yesterday you sold six-month futures on Standard & Poors Index at a price of 4,300. Today the
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Yesterday you sold six-month futures on Standard & Poor’s Index at a price of 4,300. Today the S&P closed at 4,250, and S&P futures closed at 4,350. You get a call from your broker, who reminds you that your futures position is marked to market everyday. Is she asking you to pay money, or is she about to offer to pay you?
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You sold the market short which is a bet that it will declin...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781264101566
11th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
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