Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. . 3 S O You buy a Standard & Poor's 500 Index futures contract at 3,200.40. The multiplier is 250. The margin is $21,000.

image text in transcribed
. . 3 S O You buy a Standard & Poor's 500 Index futures contract at 3,200.40. The multiplier is 250. The margin is $21,000. The margin maintenance requirement is set at $17.250. If the contract closes out at 3,230.70, what is your dollar return? What is your percent return on margin? O 43.91% 0 36.07% 25.24% 2.52%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial statements

Authors: Stephen Barrad

5th Edition

978-007802531, 9780324186383, 032418638X

More Books

Students also viewed these Finance questions