You Purchased Six DJIA Index Futures at a Price of 20,342

question 22

Multiple Choice

You purchased six DJIA index futures at a price of 20,342. The contract size is $10 times the level of the index. The futures are maturing today when the price is 20,129. What is the amount of your profit or loss?

• A)−$12,780
• B)−$1,278
• C)−$12,720
• D)$1,278
• E)$12,780

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Definitions:

Peers

Individuals who are of approximately the same age, social status, or with whom a person shares interests, often influencing behavior and socialization.

Common Imperatives

Shared commands or urgent calls to action that reflect collective priorities or ethical obligations within a society or group.

Communicate

The act of conveying information or expressing thoughts and feelings through verbal or non-verbal means.

Adult

An individual who has reached a specific age, usually 18 or 21, when they are legally recognized as independent and responsible for their actions.