If You Purchased One S&P 500 Index Futures Contract at a Price

question 21

Multiple Choice

If you purchased one S&P 500 Index futures contract at a price of 3,550 and closed your position when the index futures was 3,547, you incurred

• A) a loss of $1,500.
• B) a gain of $1,500.
• C) a loss of $750.
• D) a gain of $750.
• E) None of the options are correct.

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Desires or wishes that people have for goods and services that can provide satisfaction or utility.

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The process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services.