If you took a long position in two FTSE100 futures contracts at a price of 1,500 and it is priced by multiplying the FTSE 100 future contracts' value by £120. If the index futures was 1,505 at closed the position when, each contract covers you incurred

Select one: 

a. a loss of £1,200. 

b. a gain of £600. 

c. a loss of £600. 

d. a gain of £1,200.

Answer rating: 100% (QA)

b a gain of 600 Sqution Long P... View the full answer