S&P 400 Midcap (CME) - $500 * Index -What Was Your Profit If You Sold Fifteen April S&P

question 99

Multiple Choice

S&P 400 Midcap (CME) - $500 * Index

$\begin{array}{lcccccccc} & & & & & &{\text { Lifetime }} && \text { Open } \\& \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } & \text { High } & \text { Low } & \text { Int } \\\text { Mar } & 502.25 & 506.30 & 497.25 & 505.75 & +2.50 & 532.50 & 474.15 & 1,432 \\\text { Apr } & 501.25 & 508.75 & 496.75 & 504.30 & -1.25 & 540.35 & 478.30 & 867\end{array}$
-What was your profit if you sold fifteen April S&P Midcap 400 futures at the close on the previous day and closed your position on the closing price this day?

• A) -$8,625
• B) $9,375
• C) -$7,850
• D) $8,625
• E) -$9,375

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Definitions:

Shortage

A situation where the demand for a product exceeds its supply at a particular price.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price, with higher elasticity indicating greater sensitivity.

Ticket Revenue

The income generated through the sale of tickets for events, performances, or transportation services.

Concession Revenue

Income earned from granting the rights to operate and sell specific products or services within a venue or to a particular market.