Julie Purchased Five (5) S&P 500 Index Futures at a Price

question 23

Multiple Choice

Julie purchased five (5) 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) -$4,650
• C) -$5,625
• D) -$13,575
• E) -$15,625

---

Definitions:

Pneumonitis

Inflammation of lung tissue that is not caused by infection.

-osis

A suffix used in medical terminology to denote a condition, disease, or increase.

-itis

A suffix employed in medical terms to indicate the inflammation of a tissue or organ.

Wheeze

A high-pitched sound produced by air moving through narrowed respiratory airways, often heard in asthmatic conditions.