The Value of an S&P 500 Futures Contract Is $500

question 42

Multiple Choice

The value of an S&P 500 futures contract is $500 times the index. Assume the futures price on the S&P 500 index is 1612 at the time of purchase. If the index price is 1619 when the position isclosed out, the gain is

• A) $700.
• B) $7,000.
• C) $3,190.
• D) $3,120.
• E) $3,500.

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Divorce

The legal dissolution of a marriage by a court or other competent body, terminating the marital union and resolving issues of alimony, child custody, and division of property.

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The process of societal transformation from primarily agrarian and handicraft economies to those dominated by industry and machine manufacturing, significantly impacting social and economic structures.

Production

The process of creating goods or services through the combination of labor, materials, and technology.

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Groups of people, usually living together in a dwelling, who share responsibilities like budgeting, living arrangements, and making decisions together.