问题
单项选择题
On the maturity date, stock index futures contracts require delivery of:()
A. common stock.
B. common stock plus accrued dividends.
C. cash.
答案
参考答案：C
解析：
Index futures settle in cash. The mechanics are simple, your account is marked to market at the settlement price on the last day of trading. Your "cash settlement" is already in your account when it's marked to market; whether you have gains of losses, they have been accumulating daily through margin adjustment over the life of the contract.