S&P 500 INDEX (CME); $500 times index May 12, 2007 Suppose you are interested in purchasing a December S&P 500 index futures contract. What is the value of the contract on the day quoted?
A) $420,675
B) $423,675
C) $424,950
D) $425,500
E) $429,675

Question

S&P 500 INDEX (CME); $500 times index May 12, 2007  Suppose you are interested in purchasing a December S&P 500 index futures contract. What is the value of the contract on the day quoted?
A) $420,675 
B) $423,675 
C) $424,950 
D) $425,500 
E) $429,675

Quizplus · Accepted Answer

The Answer of S&P 500 INDEX (CME); $500 times index May 12, 2007  Suppose you are interested in purchasing a December S&P 500 index futures contract. What is the value of the contract on the day quoted?
A) $420,675 
B) $423,675 
C) $424,950 
D) $425,500 
E) $429,675

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