Julie Purchased Four (4)S&P 500 Index Futures at a Price

question 63

Multiple Choice

Julie purchased four (4) S&P 500 index futures at a price of 1392.The contract size is $250 times the index value.The futures are maturing today at a price of 1387.50.What is the amount of her profit or loss?

• A) -$3,125
• B) -$4,500
• C) -$5,625
• D) -$13,575
• E) -$15,625

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Definitions:

Job Burnout

A state of physical or emotional exhaustion due to prolonged stress at work.

Strict Work Schedule

A work plan with fixed start and end times and little to no flexibility.

Workaholism

A condition characterized by an uncontrollable need to work incessantly, often at the expense of personal relationships and health.

Paid Vacation

Employment benefit allowing employees to take time off work while still receiving their regular pay, enabling rest, travel, or personal activities.