S&P 500 INDEX (CME); $500 Times Index May 12, 2007

question 251

Multiple Choice

S&P 500 INDEX (CME) ; $500 times index May 12, 2007 Suppose you are interested in purchasing a December S&P 500 index futures contract. What is the value of the contract on the day quoted?

• A) $420,675
• B) $423,675
• C) $424,950
• D) $425,500
• E) $429,675

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