23. An investor establishes a long position in a futures contract now (time t-0) and holds the position until maturity (time t . The sum of all daily settlements will be 0 A. Fo-Fr B. Fo-So; C.Fr-Fo; D. Fr-S 24. On January 1 you sold one April S&P 500 Index futures contract at a futures price of 1,300. close your position. (The contract multiplier is 250.) A. $15,000; B. -$12,500; C$12,500; D. $15,000; E.$17,500 50 on February 1, your profit would beif you February If your Apri il futures price is 1,250 25, The spot price for gold is $1,550 per ounce. The risk-free interest rate is 3.5%. The futures price for gold for a 6-month contract on gold should beper ounce. D. $1,577.89; E. $1,582.10 B. $1,557.89 C. $1,569.08; A. $1,524.99; $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions 26. On Monday morning you sell one June T-bond futures contract at 97:27, that is, for Settle Day Monday $97.406.25 Tuesday $98,000.00 Wednesday $100.000.00 The cumulative rate of return on your investment after Wednesday is a A. 79.9% loss; B. 42.6% loss; C. 3.3% gain; D. 23.9% gain; E. 38.6% gain