You Sold S&P 500 Index Futures Contract at a Price

question 13

Multiple Choice

You sold S&P 500 Index futures contract at a price of 950 and closed your position when the index futures was 947,you incurred:

• A)a loss of $1,500.
• B)a gain of $1,500.
• C)a loss of $750.
• D)a gain of $750.
• E)none of the above.

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Definitions:

Shares Outstanding

Shares outstanding refer to the total number of a company's shares that are currently held by all its shareholders, including share blocks held by institutional investors and restricted shares.

Shares Issued

The total number of shares that have been allocated to shareholders and company officers.

Paid-In Capital

This refers to the total amount of cash and other assets received from shareholders in exchange for stock.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate issues and receive dividends.