gure 22.1 Futures listings Refer to the Mini-S\&P contract in Eigure 221. Assume the closing...
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gure 22.1 Futures listings Refer to the Mini-S\&P contract in Eigure 221. Assume the closing price for this day. a. If the margin requirement is 26% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the June maturity contract? (Round your answer to the nearest whole dollar.) b. If the June futures price increases to 2601.70 , what percentage return will you earn on your investment if you entered the long side of the contract at the price shown in the figure? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. If the June futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures Contracts I wsicomkommodie. Figi Soutce The War St eet Jocrnal July ar, 201t. gure 22.1 Futures listings Refer to the Mini-S\&P contract in Eigure 221. Assume the closing price for this day. a. If the margin requirement is 26% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the June maturity contract? (Round your answer to the nearest whole dollar.) b. If the June futures price increases to 2601.70 , what percentage return will you earn on your investment if you entered the long side of the contract at the price shown in the figure? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. If the June futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures Contracts I wsicomkommodie. Figi Soutce The War St eet Jocrnal July ar, 201t
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