E-mini S&P 500 Futures has the following data Month Last Change High Low Volume March 2024 2,668

Fantastic news! We've Found the answer you've been seeking!

Question:

E-mini S&P 500 Futures has the following data

Month	Last	Change	High	Low	Volume
March 2024	2,668	-6.99	2,669	2,665	64

The multiplier of the E-mini S&P 500 futures contract is $50.

calculate What is your profit (in $) if you buy 14 contracts at the last price of the day and close out your position at a futures price of $2,675 three months later?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Posted Date: Apr 26, 2023 03:20 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Refer to Table 23.2 in the text to answer this question. Suppose you purchase the June 2014 call option on com futures with a strike price of $5.05. Assume you purchased the future at the last price....
Muskoka Boys Shaving Co. (MBSC") is a GST/HST registrant operating an online store in Ontario's cottage country region. The company specializes in selling fine grooming products for men. It is June...
Stock repurchases how do you think this tax law change affected the relative attractiveness of stock repurchases compared to dividend payments?
Reynolds averaging leads to eddy transport coefficients. In isotropic turbulence, how many eddy viscosities are there and how are they related to one another?
A simple random sample of 17 business majors from a certain university had a mean GPA of 2.81 with a standard deviation of 0.27. A simple random sample of 23 psychology majors was selected from the...
Refer to RE6-5. At the end of the first quarter of 2017, McKinney & Co. reevaluates its receivables. McKinneys management decides that $8,500 due from Mangold Corporation will not be collectible....
On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings...
1. Name at least three ways that Shu could automate her asset management. Suggest at least one option for retirement savings, general savings, and general convenience. 2. What major factors should...
a) Write a function that computes the Frobenius norm of a matrix (i.e. sum of squared elements). The function should be defined as: float fnorm (float *a, int Nrows, int Ncols) // "a" is a 1D array...
The U.S.S. Enterprise (NCC-1701) approaches an unknown system with a Black Hole at the center. One of the planets in this system is observed to have an orbit with a radius of R = 3.3 AU and a period...
Kevin Smith is a senior sales manager at Tradeco Ltd. He worked for the same company for a number of years and was using his good friend's neighbor to do his taxes but this year he got a reassessment...
DETERMINING NET CASH FLOW FROM INVESTING ACTIVITIES The ABC Corporation reported the following information: January 1 December 31 Equipment $68,000 $114,500 Accumulated depreciation 19,500 21,800...
Bob Andy Music Mart received his bank statement for the month of December which showed an overdraft balance of 113,209. Being anxious of his cash situation he conducted an audit of his cash book...
why does it matter if photographs lie? Use examples of your own research?
Data from one or more tables- use zag -- Marketing needs a list of customers and what product they have purchased -- which also shows category name and vendor name for that product. -- Generate...
a. Why does the Wi-Fi Alliance release compatibility testing profiles in waves instead of combining the entire standards features initially? 27a1.) An 802.11ac Wi-Fi compatibility testing profile...
Suppose you own a home that costs $200,000 and you buy homeowner's insurance to cover your house against fire, wind, tornados, and other disasters. One way to view your insurance is that you...
In Problem 5, what is the average tax rate? What is the marginal tax rate? Data From Problem 5: The Dyrdek Co. had $267,000 in 2014 taxable income. Using the rates from Table 2.3 in the chapter,...
Secolo Corporation stock currently sells for $68 per share. The market requires a return of 11 percent on the firm's stock. If the company maintains a constant 3.75 percent growth rate in dividends,...
Using Program14.m(fourth-order Runge-Kutta method), solve Problem 11.18 with $c=1$. Data From Problem 11.18:- Using the central difference method, find the response of the two-degree-of-freedom...
Using Program15.m (central difference method), solve Problem 11.20. Data From Problem 11.20:- The equations of motion of a two-degree-of-freedom system are given by \(2 \ddot{x}_{1}+6 x_{1}-2...
Using Program16.m(Houbolt method), solve Problem 11.20. Data From Problem 11.20:- The equations of motion of a two-degree-of-freedom system are given by $2 \ddot{x}_{1}+6 x_{1}-2 x_{2}=5$ and...

E-mini S&P 500 Futures has the following data Month Last Change High Low Volume March 2024 2,668

Question:

Expert Answer:

To calculate your profit you need to determine the difference between the price you bough... View the full answer

Fundamentals of Corporate Finance

Students also viewed these finance questions