13.

You purchased a Treasury-bond futures contract yeterday with an initial margin requirement of 15.00%.

You purchased the contract for $115,098 yesterday which has a face value of $100,000.

Today the futures price falls to $107,000.

How much (in $) profit or loss did you make on your Futures position?

Enter your answer in the following format: + or - 1234.56

Hint: Answer is between -7,207.22 and -8,907.80

14.

Suppose the S&P 500 stock index is currently trading at $1,900.

If the 1-year T-Bill rate is 3.00% and the expected dividend yield on the index is 2.00%,

What should be the index futures price with 1-year maturity?

Enter your answer in the following format: 1,234.56

Hint: Answer is between 1,727.10 and 2,091.71