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Julie purchased four (4) S&P 500 index futures at a price of 1392. The contract size is $250 times the index value. The futures are
Julie purchased four (4) S&P 500 index futures at a price of 1392. The contract size is $250 times the index value. The futures are maturing today at a price of 1387.50. What is the amount of her profit or loss?
| A) -$3,125 |
| B) -$4,500 |
| C) -$5,625 |
| D) -$13,575 |
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
