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S&P 500 INDEX (CME); $500 Times Index May 12, 2007

Question 70

Multiple Choice

S&P 500 INDEX (CME) ; $500 times index May 12, 2007 S&P 500 INDEX (CME) ; $500 times index May 12, 2007 Suppose that yesterday you purchased one December futures contract at the settle price. At the close of business today, how much is your contract worth? (Ignore margin considerations.) A) $5,875 less than yesterday B) $11.7 less than yesterday C) $11.7 more than yesterday D) $5,850 more than yesterday E) $5,875 more than yesterday Suppose that yesterday you purchased one December futures contract at the settle price. At the close of business today, how much is your contract worth? (Ignore margin considerations.)


A) $5,875 less than yesterday
B) $11.7 less than yesterday
C) $11.7 more than yesterday
D) $5,850 more than yesterday
E) $5,875 more than yesterday

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