7. a. Turn to the Mini-S&P 500 contract in Figure 22.1. If the margin requirement is 10% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the June maturity contract? b. If the June futures price increases to 2,600, what percentage return will you earn on your investment if you entered the long side of the contract at the price shown in the figure? c. If the June futures price falls by 1%, what is your percentage return? (O 117 118 72,535 544 19.30 39,216 19.20 2,634,252 19.40 27,554 Index Futures Mini DJ Industrial Average (CBT)-$5 X index March 23470 23668 23279 23512 Dec 23523 23686 A 23350 23530 S&P 500 Index (CME)-$250 x index March 2536.70 2567.00 A 2525.00 2550.60 Mini S&P 500 (CME)-$50 x index March 2537.25 2567.50 A 2523.25 2550.50 June 2540.25 2571.25 A 2528.50 2555.00 Mini S&P Midcap 400 (CME) $100 x index March 1690.00 1717.10 A 1679.20 1703.30 Mini Nasdaq 100 (CME) $20 x index March 6451.3 6535.8 A 6402.5 6496.5 June 6471.5 6557.0 A 6427.0 6520.8 Mini Russell 2000 (CME)-$50 x index March 1384.40 1414.60 1375.80 1405.90 June 1391.60 1417.90 A 1386.80 1410.50 Mini Russell 1000 (CME)-$50 x index March 1402.00 1418.90 1402.00 1409.80 U.S. Dollar Index (ICE-US)-$1,000 x index March 95.71 95.73 95.20 95.23 June 95.08 95.08 V 94.75 94.74 17.70 69,276 62.5 63.8 196,948 1,350 24.30 25.00 465,350 534 10.70 7,664 .52 -.51 57,402 945