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4. Suppose the S&P 500 e-mini index futures price is currently 1200. You wish to purchase four futures contracts on margin. a. What is the

4. Suppose the S&P 500 e-mini index futures price is currently 1200. You wish to purchase four futures contracts on margin.

a. What is the notional value of your position?

b. Assuming a 10% initial margin, what is the value of the initial margin?

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