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

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wish to purchase 6 futures...
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: 6 years ago.Category: Homework
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8/4/2011
Tutor: atluriram, Professor replied 6 years ago
atluriram, Professor
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atluriram :

atluriram :

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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Tutor: Linda_us, Finance, Accounts & Homework Tutor replied 6 years ago
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