Microsoft 070-768 Q&A - in .pdf

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Section B (2 Mark)
An investor is bearish about ABC Ltd. and sells ten one-month ABC Ltd. futures contracts at Rs.5,00,000. On the last Thursday of the month, ABC Ltd. closes at Rs.510. He makes a _________. (assume one lot = 100)
A. Loss of Rs. 10,000
B. Profit of Rs. 5,100
C. Loss of Rs. 5,100
D. Profit of Rs. 10,000
Answer: A

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