You Purchased 3 DJIA Index Futures at a Price of 13,200.The

question 27

Multiple Choice

You purchased 3 DJIA index futures at a price of 13,200.The contract size is $10 times the level of the index.The futures are maturing today when the price is 12,758.What is the amount of your profit or loss?

• A)-$1,326
• B)-$1,408
• C)-$13,260
• D)-$14,080
• E)-$15,260

---

Definitions:

Reasoning

The process of thinking about something in a logical way in order to form a conclusion or judgment.

Verbal Responses

Oral replies or reactions to questions, statements, or situations, conveyed through spoken words.

Causal Event

A causal event is an occurrence that directly influences the outcome of another event, implying a cause-and-effect relationship between two or more events.

Prior Understandings

The pre-existing knowledge and experiences that an individual brings to a new learning situation.