9. (TCO 5) The margin requirement will be lower than the standard requirement on a stock index futures contract when _____. (Points : 3)

the stock market is declining the futures are used to hedge a portfolio the investor is establishing a speculative position None of the above

Question 10.10. (TCO 5) The settle price shown in a stock index futures table is the _____. (Points : 3)

highest price the contract hit during the day closing price for the contract at the end of the day price for the contract only for the last day of the contract None of the above