R1 QUESTION 17Suppose Sammy decides to short 5 December 2022 South African Rand futures contracts. His quote when he initiates the trade is .05517.He decides to close his position 3 weeks later at a quote of .06334.What is his total dollar profit or loss?A. Profit of $13,725B. Gain of $1,324.45C. Loss of $13,725D. Loss of $20,425 QUESTION 10What is the contract size of a micro E-mini S&P 500 index future contract?A. $5 times the index valueB. $50 times the index valueC. $500 times the index valueD. $100 times the index value

There are two parties to every futures contract- the seller of the contract, who agrees to deliver…

QUESTION 17 Suppose Sammy decides to short 5 December 2022 South African Rand futures contracts. His quote when he initiates the trade is .05 He decides to close his position 3 weeks later at a quote of .06334. What is his total dollar profit or loss? O A. Profit of $13,725 O B. Gain of $1,324.45 OC. Loss of $13,725 O D. Loss of $20,425