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Chap023 - Chapter 23 Futures and Swaps A Closer Look...

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Chapter 23 Futures and Swaps: A Closer Look 550 Bodie, Investments, Sixth Edition Multiple Choice Questions 1. Which one of the following stock index futures has a multiplier of 250? A) Russell 2000 B) S&P 500 Index C) Nikkei D) DAX-30 E) NASDAQ 100 Answer: B Difficulty: Easy Rationale: The multiplier is used to calculate contract settlements. See Table 23.1 on page 829. 2. You purchased one S&P 500 Index futures contract at a price of 950 and closed your position when the index futures was 947, you incurred: 3. You took a short position in two S&P 500 futures contracts at a price of 910 and closed the position when the index futures was 892, you incurred:
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