a. If the margin requirement is 14% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the September maturity contract? (Round your answer to 2 decimal places.) Required margin deposit b. If the September futures price were to increase to 2,092.00, what percentage return would you earn on your net investment if you entered the long side of the contract at the price shown in the figure? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Percentage return on net investment % c. If the September futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Percentage return on net investment % che 0025 2946 Futures Contracts WS.com commodities Metal & Petroleum Futures Contra Open Open High low Settle Copper High (CMX-25,000 lbs.: Sperib, Aly 22280 22455 2.1615 21815-00335 3552 Sept 22200 22480 2.1620 2.1835 -0.0335 108 954 Gold (CX). 100 troy Sportry July 1342.201356.80 133670 1356.40 19.70 2070 Aug 1345.00 1360.30 1336.50 1358.70 19.70 440 422 Od 1345.00 1363.50 1345.00 136220 1970 37,171 Dec 1352.10 1366.90 1345.70 136580 19.80 106.265 Feb 17 1353.30 136910 A 135330 136890 19.30 15.796 1365.00 137380 125730 137430 20.00 12.523 Palladium (NYM-50 traySpertroyez 609.00 09.00 A 509.00 80985 -3.00 3 Supl 605.65 617.40 590.60 602.65 -3.00 21,127 Dec 609.65 61280 598.05 603.35 -2.90 192 Platinum NYM) 50 tro: $ per troy 02 July 106160 1073.20105200 1072.00 17.70 635 Oct 1062,00 107930 1050 20 1076,90 19.80 58.916 Silver CMX 5.000 troys per troy 02. Aly 19.755 21095 A 19.625 19.866 0.322 1989 Sept 19.840 21225 A 19610 19.00 0319 Crude Oil, Light Sweet (NYM)-1.000 tis: 5 per bb Aug 49.11 1935 4633 46.60-239 41806 Sopt 49.90 50 03 47.00 4729 -2.36 282684 Oct 50.45 50.62 47.61 47.91 -2.34 106,633 Nov 50.92 51.20 48.51 48.51 -2.31 108.604 Dec 5155 51.15 49.00 4902 --227 244.771 Dec 17 5A24 51.94 5227 -182 140,180 NY Harbor ULSD NYM-42.000 gal: 5 pergal Ang 15174 15258 1.4330 14456 -09 93.236 March 15343 15444 1.4548 1.4673 -0637 66.430 Gasoline NYRBOB WYM-42.000 gal Spargal Ang 15176 15249 14151 14287 0940 118,778 Sopt 15223 1.5317 1.4274 1.4412 - 0787 78,861 Natural Gas NYM-10,000 MM Spor MMRU Ang 2.915 2.945 2.752 2764 - 223 212800 Sept 2.915 2944 2.752 2758-223 216642 Oct 2.960 2931 2.798 2.802 -211 111.490 Now 3.065 3115 2955 -187 55.900 Jan 17 2.410 3.472 3.327 3.341 - 151 108,000 March 3.335 3395 3.268 3 284 131 62.925 Agriculture Futures Corn (CBT)-5,000 bucets per July 248.00 350.00 7 333 75 344.00 7,872 Sept 256.25 356.50 Y 341.00 350.75 -9.25 563.370 Oats (CBT) 5,000 bucos por bu Ally 208.00 208.50 205.25 216.00 10.50 108 Dec 192.00 193.75188.25 191.50 -1.25 Soybeans C) 5,000 bucorts per bu July 1150.25 1150.25 1110.00 1917.00 -5175 5672 1120.00 112000 1073.50 1077.25 -60.25 42858 Soybean Meal (CBT)-100 ton perton July 399.20 399 20 383.00 385.40 -19.40 3.886 Dec 291.50 391.70 378.00 378.00 - 20.00 162,712 Soybean Oil CT-60,000 lbs., cents per lb July 3103 3137 30.52 20.82 - 21 2,732 Duc 3186 31.99 31.01 31.32 -32 172.625 Rough Rice (CBT) 2,000 ot., cents per al My 1032.00 1036.00 1020.00 1028.50 -8.00 70 Sept 1042.00 1054.00 102400 1031.00-14.00 7.702 Wheat CBT) 5,000 bucents per bu July 416.25 41825405.00 419.50 3.25 776 Sept 430 25 434.50 415 75 43350 3.25 249.335 Wheat C-5,000 bucents per bu July 35100398 75 385.00 402.00 7.75 199 Sept 500.00 509 25 49275 50825 8.25 27512 Cattle-Feeder (CM-50,000 lbs.: cents perib Ang 142.575 144.475 139.750 144.075 1625 24,76 Sept 141.675 143.650 129.150 143.350 1650 5,964 Cattle-Live CME) 40,000 lbs. con perib Ang 112.050 114225111075 112.650 675 115,581 Oct 113.375 114.475111150 114.000 725 54211 Hogs-Lean (CMB) 40,000 lbs: cents per i July 82.750 83650 81 950 82050 -625 17601 Ang 83.950 84825 82. 175 83.250 -700 93.140 Lumber (CME)-110,000 bdt Sport 000 July 30850 31750 306.30 317.50 8.20 554 Sept 315.10 325.00 31160 322.30 7.80 3.152 Milk (CME)-200.000 lbs: cents per lb July 1505 14.99 14.97 -10 5.449 Aug 15.98 15.98 15.59 15.70 -.19 4689 Cocoa CE-US-10 actions Sporton July 2.104 2104 2.104 3.100 70 24 Sept 2010 2069 2.564 3,066 70 91001 Contract Open Open High Willow Settle Chg Interest Coffee ICE-US-37.500hs: cents perib July 145.60 1450 143 00 144 20 -65 137 Sept 146.20 147.20 14410 145.55 - 85 99,385 Sugar-World CE-US-112,000 bs, cunts perib Od 20.56 21.10 20.46 20.87 09 475,726 Mard'17 20:56 21.13 20:55 20.94 10 210412 Sugar Domestic CEUS)-112,000 bs, cents per Sep 28.25 28.25 28.06 28.05 -16 1.480 Jan'17 27.00 27.00 22.00 26.65 1.416 Cotton (ICE-USD 50.000 lbs: en perib July 6234 6292 6252 63.75 13 49 Dec 6550 5614 6425 65.21 22 150428 Orange Juice E-US-15,000 lbs: cents perib July 18500 187.65 A 18500 136.65 5.80 579 Sept 177.20 185.00 A 17460 182.60 5.35 14.113 Interest Rate Futures Treasury Bonds (CBT)-S100.000 ps 32nds of 100% Sept 174.130 175.130 173.240 176.080 2-18.0 SE9.142 June 172 280 176270 172140 174 120 2 19.0 Treasury Notes Can)-$100,000 pts 32nds of 100 Sept 133 095 133 315 133.000 133 205 26.0 2.777.302 Dec 132 200 133020 132 200 133.000 27.0 2.637 5 W. Treasury Notes ( CT) $100.000 ps 32nds of 100% Sept 1222-075 122-185 122-027 122-155 -110 2,544.19 2 W. Treasury Notes (CBT) $200.000 ps 32nds of 100% Sept 109-210 109-235 109197 109227 25 1081.786 30 Day Federal Funds CBT) $5.000.000, 100-daily avg July 99615 09618 09615 99 518 -002 193832 Ang 99.525 99.625 99620 99.625 - 005 167.407 10 Yr. Del. Int. Rate Swaps (CST)-$100.000 ps 32nds of 100% Sept 108.750 108.875 108.468 108.781 781 25.579 1 Month Libor (CME)-$3,000,000, pts of 100% July 995450 99.5450 995425 995375 1602 Aug 99.5300 99.5300 99.5200 995375 0025 870 Eurodollar CME) $1,000,000, pts of 100% July 99 3600 99.3600 99.3500 99.3500 -0100 189,056 Sept 99.3500 99.3550 99.3350 99.3450 -0050 1.198.322 Dec 99.3 100 99.3200 992960 99.3200 0100 1347.476 Dec 17 991600 99.2150991350 992050 -0550 1.178.481 Currency Futures Japanese Yen (CM) 12.500,000, 5 per 100% Sept 9769881 9750 9871 092 1469 Dec 98000 9786 9905 6093 620 Canadian Dollar (CME-CAD 100.000 per CAD Sept 7746 .7795 .762 2701 -0043 111561 Dec 7746 7193 7686 7702 - 0042 3.681 British Pound (CHE-462.500 Spur Sept 1.3285 1.22511.2010 13037 - 0256 216.881 Dec 1.3330 1.3366 1.3029 1.3054 -9254 1.575 Swiss Franc (CME) CHF 125,000, S per CHF 1.0307 1.0368 1.0271 1.0273 -0038 34888 Australian Dollar (CME-AUD 100,000 per AUD Sept 7441 7527 .7433 .7440 -0023 71326 Dec 7459 7500 7413 7417-3023 1050 Mexican Peso (CMB) MXN 500.000, 5 per MXN Dec 05333 05422 05330 05225-00118 242 Euro CME 125.000$ per Sept 11165 1.121611052 1.1101 - 2065 343690 Dec 11198 1.125411131 1.1140 - 0064 4.523 Index Futures Mini DJ Industrial Average CBT-55 x index Sept 17880 17924 1769 17762 -104 103.682 Dec 17780 17807 17601 17660 -104 290 Mini S&P 500 (CHE-S50 x Index Sot 2099.75 2104.75 2072.50 2062.70 -12.55 2.964,059 Doc 2009.50 2095.75 2064002074.10 -12.65 12.960 Mini S&P Midcap 400 CME) $100 xndex Sept 149950 1503.70 1469.80 1478.20 -18.50 79.923 Dec 1486.00 1486.00 148600 1472.00-18.50 11 Mini Nasdaq 100 (GNU) 520 x Index Sept 44388 4451.5 43775 44040 -29.3 197.945 Dec 44298 44420 43713 -283 322 Mini Russell 2000 AC-US-$100 x index Sept 1156.10 1155.10 112890 1135.40 -18.80 329,992 Dec 1153 30 115330 114990 1130.40 -18.80 933 Mini Russell 1000 CE-US-$100 x index Sept 1152.10 1154.40 1146.80 115190-870 5.300 U.S. Doller Index (CE-US-$1.000 x Index Sept 95.63 96.34 9538 96.26 55 45.977 Dec 95.7596.34 9547 96.30 .55 2.405 5.636 47965 Figure 22.1 Futures listings Source: The Wall Street Journal, July 6, 2016. Reprinted by permission of The Wall Street Journal, 2016 Dow Jones & Company, Inc. All Rights Reserved Worldwide