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(4 points) The current June E-mini S&P 500 index futures price is $2818.50. The contract size of E-mini futures is 50. The initial margin required
(4 points) The current June E-mini S&P 500 index futures price is $2818.50. The contract size of E-mini futures is 50. The initial margin required for trading one such contract is $13,200. The maintenance margin is $12,000. Suppose you long one such contract today. For what futures price tomorrow will you get a margin call? For what percentage of change in the futures price, will your margin account balance be negative
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