If you sell a futures contract on the S&P 500 Index at a price of 450 and the index rises to 500, you will ________
A) lose $12,500
B) gain $12,500
C) lose $50
D) gain $50
A
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Which one of the following best defines an external event in terms of accounting?
a. A measured event that must be recognized. b. An event recognized in a set of financial statements. c. A happening of consequence to an entity. d. An interaction between an entity and its environment.
If a DNA molecule contains 20% guanine, how much cytosine will the DNA molecule contain?
What will be an ideal response?
It is not important for an organization to have controls to track the location, quantity, condition, maintenance, and deprecation status of their long-lived assets as the external auditor gathers evidence related to these issues
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT a form of database access?
a. Subscription-based fees apply before access is granted. b. There is a per-use fee charged. c. A set number of searches are free followed by a daily charge for use thereafter. d. Unlimited free access to search is granted.