Question
The 2-year S&P 500 index futures price is currently at $3425. If you are long 4 contracts of the S&P 500 index future contracts with
"The 2-year S&P 500 index futures price is currently at $3425. If you are long 4 contracts of the S&P 500 index future contracts with 2-year maturity and with a delivery price of $3000, what's the value of your futures position. The continuously compounding interest rate on dollar is 1%. Each contract is 100 shares. Round to integer. "
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
