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If You Buy in April a Stock Index Future Contract

question 58

Multiple Choice

If you buy in April a stock index future contract on the S&P 500 index at the price of 1050 points that matures on June 30 of the same year and on the maturity date the S&P 500 Index is at 1047, you have a ________ of $________.


Definitions:

GPA

Grade Point Average, a cumulative average of a student's grades, typically on a 4.0 scale.

Independent Variable

A variable that is manipulated to determine if it causes any change to a dependent variable in an experiment.

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable(s).

Scatterplot

A type of plot or mathematical diagram using Cartesian coordinates to display values for typically two variables for a set of data, showing the relationship between them.

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