Question
Consider the following situation: You are thinking of buying one so-called E-mini S&P index future. This kind of future has a contract size of $50
Consider the following situation: You are thinking of buying one so-called E-mini S&P index future. This kind of future has a contract size of $50 times the index value. Currently the index stands at 2,416.08 and you have $10,143.83 in your account. To what value does the index need to increase in order for you to double the money in your account?
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
978-1259066511
