Determine the value of the futures contract at the opening

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Reference no: EM131988557

On a particular day, the S&P 500 futures settlement price was 975.6 You buy one contract around the close of the market at the settlement price. The next day, the contract opens at 976.16 and the settlement price at the close of the day is 976.21

Determine the value of the futures contract at the opening,, an instant before the close, and after the close.

Remember that the S&P 500 has a $250 multiplier

Value of contract at opening

Value an instant before close

Value after the close

Note: please indicate your answers in the appropriate boxes above, show all of your work.

Reference no: EM131988557

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