Exhibit 13-1 USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 127

Multiple Choice

Exhibit 13-1
USE THE FOLLOWING INFORMATION FOR THE NEXT 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% on futures contracts. The current value of the S&P 500 stock index is 1178.
-Refer to Exhibit 13-1. How much must you deposit in a margin account if you wish to purchase one contract?

• A) $267,232.5
• B) $29,450
• C) $29,692.50
• D) $30,000
• E) $265,050

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Definitions:

Thylakoid Lumen

The inner space of the thylakoids, where the light-dependent reactions of photosynthesis occur.

ATP

Adenosine triphosphate, a molecule that provides energy for many biological processes in living organisms.

Hydrogen Ions

are positively charged ions (H+) that are formed when hydrogen loses its electron, playing a crucial role in acid-base chemistry.

Carbon Fixation

The conversion process of inorganic carbon (carbon dioxide) into organic compounds by living organisms, mainly by photosynthesis in plants.