The value of a stock index futures contract is the product of ____ and the appropriate multiplier.
A)the settle price
B)the change in the settle price
C)the difference between the settle price and the change
D)None of the above

Question

Quizplus · Accepted Answer

The value of a stock index futures contract is calculated by multiplying the settle price by the appropriate multiplier. The settle price is the closing price of the index on the previous trading day. The appropriate multiplier is determined by the exchange on which the futures contract is traded. Therefore, the correct choice is A.

The Value of a Stock Index Futures Contract Is the Product