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6. Lets say you decide to purchase a stock index future contract at a price of 2,508 on On September 1 the index multiplier is

6. Lets say you decide to purchase a stock index future contract at a price of 2,508 on On September 1 the index multiplier is 500. You decide to hold that position until September 15 at a price of 2580 when you sell. The initial margin is 12000 and the maintenance margin is 9,000. Construct a table with the following settlement prices. Show the charges and credits. DAY Settlement Price

9/1 2560

9/15 2400

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