Julie Purchased Four S&P 500 Index Futures at a Price

question 86

Multiple Choice

Julie purchased four S&P 500 index futures at a price of 1392. The contract size is $250 times the index value. The futures are maturing today at a price of 1387.5. What is the amount of her profit or loss?

• A)−$3,125
• B)−$4,500
• C)−$5,625
• D)−$13,575
• E)−$15,625

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Definitions:

Linnaeus' Classification

A system of categorizing and naming organisms developed by Carl Linnaeus, based on shared physical characteristics.

Structural Differences

Variations in the physical or anatomical organization between organisms, cells, or molecules.

Evolutionary Species Concept

A definition of species based on evolutionary lineage, where a species is a lineage of populations which maintains its identity from other such lineages and has its own evolutionary tendencies and historical fate.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.