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Exhibit 23-1 S&P 500 Index; $250 ´ Index May 2004

Question 44

Multiple Choice

Exhibit 23-1
S&P 500 Index; $250 ´ index May 2004
Exhibit 23-1 S&P 500 Index; $250 ´ index May 2004 -Refer to Exhibit 23-1.If you hold a long position of 20 June S&P 500 index futures contracts,how much compensation do you receive for the increase in the futures price at the end of the trading day? A) $58,500 B) $11.70 C) $2,925 D) $234
-Refer to Exhibit 23-1.If you hold a long position of 20 June S&P 500 index futures contracts,how much compensation do you receive for the increase in the futures price at the end of the trading day?


A) $58,500
B) $11.70
C) $2,925
D) $234

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