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 dollar gain or loss? (Ignore opportunity costs.)
A) $14,485 loss
B) $14,485 gain
C) $57.94 loss
D) $57.94 gain
A
You might also like to view...
The maker of a note recognizes a note receivable on the balance sheet and interest revenue on its income statement
a. True b. False Indicate whether the statement is true or false
Ron and Harry are having a difficult time arriving at a shared meaning. It seems that both are using words that can have more than one interpretation. Such words are those that make up which type of language?
A. equivocal language B. syntactic language C. polarizing language D. denotative language
Which of the following is NOT one of the ways to maximize the marketing value of e-mails?
A) Give the customer a reason to respond. B) Personalize the content of your e-mails. C) Offer something the customer can get via direct mail. D) Make it easy for customers to opt in as well as unsubscribe. E) Combine e-mail with other communications.
The auditor need not inform the audit committee about adjustments arising from the audit that were considered to be material
a. True b. False Indicate whether the statement is true or false