On January 1, You Bought One April S&P 500 Index

question 73

Multiple Choice

On January 1, you bought one April S&P 500 index futures contract at a futures price of 1,420.If on February 1 the April futures price were 1,430, what would be your profit (loss) if you closed your position (without considering transactions costs)

• A)$2,500 loss
• B)$10 loss
• C)$2,500 profit
• D)$10 profit

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Definitions:

Sucrose

A sugar molecule consisting of glucose and fructose, widely recognized as sugar used on dining tables.

Sweetener

A substance used to provide sweetness to foods or beverages, often with fewer calories compared to regular sugar, including natural and artificial types.

Ribonucleosides

Compounds consisting of a nucleoside attached to a ribose sugar, which are basic building blocks of RNA.

Residue Segment

A portion of a macromolecule, particularly in biopolymers, consisting of a sequence of monomers covalently bonded together.