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An S&P 500 Index Futures Contract Is Valued at $250

question 25

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An S&P 500 index futures contract is valued at $250 times its index level. Laura sells an S&P 500 futures contract with a September settlement date when the index is 2550. By the settlement date, the S&P 500 index falls to 2450. The profit (or loss) on Laura's position in the S&P 500 futures contract is


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Informative feedback provided with the intent of improving performance by identifying mistakes and suggesting improvements.

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Constructive feedback provided in a manner that encourages growth and improvement, emphasizing positive aspects while offering suggestions for development.

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