Question
Assume on a recent day, the January 2017 S&P Index futures contract (i.e., the S&P contract which expires in January of next year) closed at
Assume on a recent day, the January 2017 S&P Index futures contract (i.e., the S&P contract which expires in January of next year) closed at 2000, down 40 points on the day. The value of the contract is set at 250 the index.
How much value did each contract lose? Show your work.
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
