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:

Talented Employees

Individuals who possess a high level of skill, creativity, or intelligence, making them particularly valuable to their employers.

Old Age

The latter part of life, typically regarded as the years after retirement, when a person is considered to be advanced in years or elderly.

Survivors

Refers to the employees who remain in an organization following layoffs or downsizing, often facing increased workloads and psychological stress.

Disability

Under the Americans with Disabilities Act, a physical or mental impairment that substantially limits one or more major life activities, a record of having such an impairment, or being regarded as having such an impairment.