The Price of an S&P 500 Index Futures Contract Is

question 17

Multiple Choice

The price of an S&P 500 Index futures contract is $988.26 when you decide to enter a long position.When the position is closed the futures price is $930.32.If there are no settlement requirements,what is your dollar gain or loss? (Ignore opportunity costs.)

• A) $14,485 loss
• B) $14,485 gain
• C) $57.94 loss
• D) $57.94 gain

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Definitions:

Crash Cart

A mobile trolley equipped with emergency medical supplies and equipment necessary for lifesaving procedures, often found in hospitals.

Medical Emergency

An injury or illness that is acute and poses an immediate risk to a person’s life or long-term health.

Airway

The path through which air enters and exits the lungs, critical for breathing and respiratory function.

Emergency

An unexpected occurrence or situation demanding immediate action.