AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 254 Topic 26 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 254 Topic 26 Discussion

CWM_LEVEL_2 Exam Topic 26 Question 254 Discussion:
Question #: 254
Topic #: 26

Section B (2 Mark)

An investor is bearish about Tata Motors and sells ten one-month ABC Ltd. Futures contracts at Rs.6,06,000. On the last Thursday of the month, Tata Motors closes at Rs.600. He makes a _________. (assume one lot = 100)


A.

Profit of Rs. 6,000


B.

Loss of Rs. 6,000


C.

Profit of Rs. 8,000


D.

Loss of Rs. 8,000


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