What is your percentage gain-loss under margin requirement

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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 percentage gain or loss under a 15.0% margin requirement? (Ignore opportunity costs.)

A) 39% gain

B) 39% loss

C) 43% gain

D) 43% loss

Reference no: EM131071444

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