What Is the Difference in the Value of One November

question 61

Multiple Choice

What is the difference in the value of one November heating oil contract between this day's opening and closing prices?

• A) $59.40
• B) $249.48
• C) $2,494.80
• D) $2,970.00
• E) $5,940.00

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Definitions:

Capital Gain Distributions

Payments to shareholders or fund investors from the sale of securities within the portfolio that have appreciated in value.

Income Distributions

Payments made from a fund or an entity to its shareholders, often derived from interest or dividend income.

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, often used to price each share of a mutual fund or ETF.

Capital Gain Distributions

Payments made to mutual fund shareholders from the fund's sale of securities that result in a capital gain.