
Laura sells an S&P 500 futures contract with a September settlement date when the index is 1750. By the settlement date, the S&P 500 index falls to 1400. The return on Laura's position in theS&P500 futures contract is ____ percent.
A) -20
B) -10
C) 25
D) 20
E) 0
Correct Answer:
Verified
Q23: Speculators who normally close out their futures
Q25: Which of the following statements is incorrect
Q27: Trading restrictions imposed on specific stocks or
Q28: Assume that a stock mutual fund uses
Q30: The prices of stock index futures
A) are
Q31: Assume a corporation is receiving a large
Q34: The value of an S&P 500 futures
Q40: Speculators in futures contracts that normally maintain
Q45: Brokers commonly require margin deposits from their
Q53: Which of the following statements is incorrect?
A)Circuit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents