FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investor bought a March S&P 500 Index futures contract in December for $1,490.05. After six months the contract value went up to $1,539.95. The

image text in transcribed
An investor bought a March S&P 500 Index futures contract in December for $1,490.05. After six months the contract value went up to $1,539.95. The contract has a multiplier of 250. What is the dollar profit? O $1,996 $19,960 $12,475 $1,247.50 $199.60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Governance In Japan Institutional Change And Organizational Diversity

Corporate Governance In Japan Institutional Change And Organizational Diversity

Authors: Masahiko Aoki , Gregory Jackson, Hideaki Miyajima

1st Edition

0199284520,0191536385

More Books

Students also viewed these Finance questions

Question

★★★★★
Develop a program using a programming or macro language to implement the golden-section search algorithm. Design the program so that it is expressly designed to locate a maximum. The subroutine...

Answered: 1 week ago

Question

★★★★★
Mike Derr Company expects to earn 10% per year on an investment that will pay $606,773 six years from now. (PV of $1. FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables...

Answered: 1 week ago

Question

★★★★★
How could automation make making errors more effi cient?

Answered: 1 week ago

Question

★★★★★
During July 2014, Micanopy, Inc., sold 500 units of its product Empire for $8,000. The following units were available: A sale of 500 units was made after purchase 3. Of the units sold, 200 came from...

Answered: 1 week ago

Question

★★★★★
The difference between the price at which a dealer is willing to buy and the price at which a dealer is willing to sell is called the _________

Answered: 1 week ago

Question

★★★★★
The following information is provided by Abbott Corporation: WIP inventory, January 1 0 units Units started 12,000 Units completed and transferred out 8,000 4,000 $26,700 $15,400 $9,000 WIP...

Answered: 1 week ago

Question

★★★★★
Present value of bonds payable; premium Moss Co. issued $42,000,000 of 5-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value...

Answered: 1 week ago

Question

★★★★★
Question 3 of 7 View Policies Current Attempt in Progress The ledger of Blossom Company contains the following balances: Owner's Capital $29,200, Owner's Drawings $1,700, Service Revenue $50,000,...

Answered: 1 week ago

Question

★★★★★
Venturi Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 20X1. The firm's records showed a book balance of $69,439 on March 31. The difference between the...

Answered: 1 week ago

Question

★★★★★
A partial income statement for WorldCom for year ended December 31, 2001. WorldCom, Inc. Partial Income Statement For year ended December 31, 2001 Income before income taxes, as reported $...

Answered: 1 week ago

Question

★★★★★
You are not expected to research or retrieve data from independent sources not already provided. However, should you refer to the work of others in your response (i.e. academic literature, news items...

Answered: 1 week ago

Previous Question Next Question