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Suppose the S&P 500 index futures price is currently 800. You wish to purchase 2 futures contracts on margin. What is the notional value of

Suppose the S&P 500 index futures price is currently 800. You wish to purchase 2 futures contracts on margin. What is the notional value of your position?

a. $800,000

b. $400,000

c. $1,600

d. $320,000

e. $160,000

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