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Suppose the S & P index futures price is currently 1200. You

Resolved Question:

Suppose the S & P index futures price is currently 1200. You wish to purchase 6 futures contracts on margin. What is the notional value of your position?

a. $7,200,000
b. $ 3,600,000
c. $7,200
d. $5,760,000
e. $1,800,000
Submitted: 5 years ago.
Category: Homework
Expert:  atluriram replied 5 years ago.

atluriram :

Sir/madam

atluriram :

I herewith submit the answer.

atluriram :

The correct answer is c) $ 7,200

atluriram :

i.e. 6 x 1200 = 7,200

atluriram :

Reference : http://financial-dictionary.thefreedictionary.com/Notional+Value

atluriram :

With regards

atluriram :

atluri ramesh

atluriram, Professor
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Expert:  Linda_us replied 5 years ago.
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