USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 132

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
December futures on the S&P 500 stock index trade at 250 times the index value of 1187.70. Your broker requires an initial margin of 10 percent on futures contracts. The current value of the S&P 500 stock index is 1178.
-Refer to Exhibit 15.14. Suppose at expiration the futures contract price is 250 times the index value of 1170. Disregarding transaction costs, what is your percentage return?

• A) 1.87%
• B) -0.68%
• C) -14.90%
• D) 10.36%
• E) 13.58%

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Definitions:

Brain Death

A medical condition where all functions of the brain, including the brainstem, have irreversibly ceased, used as a legal definition of death in many jurisdictions.

Paralysis

The loss of the ability to move and sometimes to feel anything in part or most of the body, typically as a result of illness, poison, or injury.

Brain Death

A medical condition where all functions of the brain cease permanently, indicating the end of life.

Medical Professionals

Individuals with specialized training and certification to provide healthcare services, such as doctors, nurses, and pharmacists.