Question
1. a) The futures price for the S&P 500 is 1000 and the multiple is $150. What is the dollar value of the stock index
1.
a) The futures price for the S&P 500 is 1000 and the multiple is $150. What is the dollar value of the stock index futures contract?
b) Suppose an investor buys (takes a long position in) an S&P 500 futures contract at 1000 and sells it at 1100. What profit does this investor realize if the multiple is $200?
c) What is the dollar value of the S&P 100 contract if the multiple for the S&P 100 Stock Index is $100 and the cash index value for the S&P 100 is 620?
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
