Derivative Instrument and Market Features sample question
Choose an answer before revealing the explanation, key takeaway, and answer-choice review.
Question 1 of 1Score 0/1
CFA Level I sample question
CFA Level I Derivative Instrument and Market Features question
Derivatives
Derivative Instrument and Market Features
A trader buys three equity index futures contracts at a price of 4,250.00. The contract multiplier is USD 50 per index point. At the end of that trading day, the daily settlement price is 4,238.00. As a result of the daily mark to market, the change in the trader's margin account balance is closest to:
Report an issue
Get one CFA Level I question by email
Receive a weekly practice question with answer-choice explanations and a short takeaway.