a. In Table 1 find the E-Mini contract on the Standard & Poor's 500 Index. If the margin requirement is 22% of the futures price times the multiplier ($50), how much must you deposit with your broker to trade the September contract? (Input the amount as positive value. Round your answer to 2 decimal places.) Required margin b. If the September futures price increase to 2,460, what percentage return will you earn on your net investment if you long the contract at the quoted price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Percentage return % c. If the September futures price falls by 2.7%, what is the percentage gain or loss on your net investment? (Input the amount as positive value. Do not round intermediate calculations.) Percentage loss of % Futures Contracts Open Interest Metal & Petroleum Futures 44,764 97,731 Open Interest 212,475 349,542 1,053 83,015 Contract Open High hilo Low Settle Chg Coffee (ICE-US)-37,500 lbs.; cents per lb. July 126.50 127.90 125.30 125.55 -,85 Sept 128.25 130.00 127.55 127.75 -.90 Sugar-World (ICE-US) - 112,000 lbs., cents perlb. July 13.74 13.81 7 13.36 13.62 -17 Oct 13.97 13.99 13.61 13.85 -17 Sugar-Domestic (ICE-US)-112,000 lbs., cents perlb. Sept 27.76 27.76 27.75 27.67 .03 Nov 27.39 27.39 27.39 27.44 -.04 Cotton (ICE-US)-50,000 lbs., cents per lb. July 74.47 74.83 73.40 73.50 -98 Dec 71.82 72.00 70.86 70.95 -.87 Orange Juice (ICE-US)-15,000 lbs.; cents per lb. July 141.05 141.50 139.00 140.25 -.80 Sept 138.45 139.55 137.40 138.05 -1.40 1,964 1,279 1,551 345,745 10.913 80.269 10,331 5,920 45,003 155,910 6.044 4,087 June 858.90 82 45 2 34,111 1,729 122 16 Dec Contract Open High hilo Low Settle Chg Copper-High (CMX)-25,000 lbs.; $ per lb. June 2.5800 2.5800 2.5625 2.5705 -0.0225 July 2.5990 2.6050 2.5605 2.5735 -0.0230 Gold (CMX)-100 troy oz.; $ per troy oz. June 1269.40 1278.00 1256.80 1272.80 7.00 Aug 1268.40 1284.20 1259.00 1275.90 7.30 Oct 1272.30 1287.20 1263.00 1279.50 7.30 Dec 1275.50 1290.00 1266.20 1282.90 7.30 Feb 18 1279.30 1291.00 1272.70 1286.30 7.30 Dec 1295.00 1303.20 1295.00 1303.10 7.00 Palladium (NYM)-50 troy oz.; $ per troy oz. 862.80 869.50 862.80 863.30 -2.95 July 865.60 871.55 852.35 857.60 -3.75 Aug 858.50 863.50 858.50 856.15 -3.75 Sept 871.25 847.55 853.80 -3.75 843.90 857.10 837.00 843.50 -0.45 March' 18 839.30 843.00 A 835.00 832.15 -0.45 June 839.00 839.00 A 839.00 828.15 -0.45 Platinum (NYM)-50 troy oz.; $ per troy oz. 925,40 926.80 925.40 27.70 July 925.00 955.50 923.30 951.90 27.70 Silver (CMX)-5,000 troy oz.; $ per troy oz. June 16.840 17,180 16.840 17.107 0.369 16.820 17,365 16.790 17.136 0.369 Crude Oil, Light Sweet (NYM)-1,000 bbls.; $ per bbl. July 45.94 46.49 44.55 44.73 -1.73 Aug 46.13 46.68 44.74 44.93 -1.74 Sept 46.38 46.85 44.96 45.14 -1.75 Dec 46.90 47.37 45.59 45.82 -1.63 June 18 47.74 47.95 46.49 46.74 -1.36 Dec 48.00 48.24 46.90 47.21 - 1.10 NY Harbor ULSD (NYM)-42,000 gal.; $ per gal. July 1.4412 1.4550 1.4062 1.4102 -.0375 Aug 1.4500 1.4618 1.4139 1.4180 -.0368 Gasoline-NY RBOB (NYM)-42,000 gal.; $ per gal. June 950.70 48 52,791 28 100,533 July Interest Rate Futures Treasury Bonds (CBT)-$100,000; pts 32nds of 100% June 155-130 157-130 155-120 156-290 1-19.0 3,304 Sept 153-310 156-050 153-290 155-200 1-19.0 730,435 Treasury Notes (CBT)-$100,000; pts 32nds of 100% June 126-180 127-175 126-180 127-035 16.0 48,739 Sept 126-110 127-080 125-105 126-295 17.5 1,131,656 5 Yr. Treasury Notes (CBT)-$100,000; pts 32nds of 100% June 118-225 119-057 118-217 118-292 7.5 49,887 Sept 118-065 118-247 118-060 118-150 8.0 1,123,645 2 Yr. Treasury Notes (CBT)-$200,000; pts 32nds of 100% June 108-085 108-130 108-085 108-095 1.2 11,027 Sept 108-030 108-092 108-030 108-052 1.7 1.174..311 30 Day Federal Funds (CBT)-$5,000,000; 100-daily avg. June 98.968 98.975 98.960 98.963 -005 78,380 July 98.860 98.875 98.850 -005 457,474 10 Yr. Del. Int. Rate Swaps (CBT)-$100,000; pts 32nds of 100% June 93.391 94.500 A 93.391 94.141 .578 12,681 Sept 102.531 103.313 A 102.203 102.984 .625 16,446 1 Month Libor (CME)-$3,000,000; pts of 100% June 98.7900 98.8000 98.7900 98.7900 -.0075 9,528 July 98.7900 98.7900 98.7900 98.7875 -.0050 3,147 209,102 442,660 274,042 311.431 121,798 150,760 98.855 81,641 84.147 121,798 150.760 81,641 84,147 97,511 85,745 June 18 47.74 47.95 46.49 46.74 -1.36 Dec 48.00 48.24 46.90 47.21 -1.10 NY Harbor ULSD (NYM)-42,000 gal.; $ per gal. July 1.4412 1.4550 1.4062 1.4102 -.0375 Aug 1.4500 1.4618 1.4139 1.4180 -.0368 Gasoline-NY RBOB (NYM)-42,000 gal.; $ per gal. July 1.4856 1.4959 1.4292 1.4327 -.0668 Aug 1.4811 1.4953 1.4281 1.4315 -.0625 Natural Gas (NYM)-10,000 MMBtu.; $ per MMBtu. July 2.962 2.989 2.916 2.933 -.033 Aug 2.990 3.007 2.936 2.953 -036 Sept 2.970 2.989 2.922 2.937 -.035 Oct 2.997 3.013 2.949 2.962 -038 Jan '18 3.301 3.303 3.249 -.033 April 2.881 2.887 2.854 2.856 -026 Agriculture Futures 186,368 208,648 180,592 185,021 109,540 85,557 3.263 452,077 409,284 July 98.860 98.875 98.850 98.855 --005 457,474 10 Yr. Del. Int. Rate Swaps (CBT)-$100,000; pts 32nds of 100% June 93.391 94.500 A 93.391 94.141 .578 12,681 Sept 102.531 103.313 A 102.203 102.984 .625 16,446 1 Month Libor (CME)-$3,000,000; pts of 100% June 98.7900 98.8000 98.7900 98.7900 -.0075 9,528 July 98.7900 98.7900 98.7900 98.7875 -.0050 3,147 Eurodollar (CME)-$1,000,000; pts of 100% June 98.7275 98.7500 98.7250 98.7275 -.0025 1,493,523 Sept 98.6400 98.7000 98.6400 98.6700 .0250 1,407,477 Dec 98.5600 98.6300 98.5550 98.5900 .0300 1.724,980 Dec'18 98.2300 98.3500 A 98.2250 98.2900 .0550 1,397,044 Currency Futures Japanese Yen (CME)- 12,500,000; $ per 100 June .9086 .9192 .9064 .9129 -0033 145.801 Sept .9124 .9228 9102 .9166 -.0033 63,409 Canadian Dollar (CME)-CAD 100,000; $ per CAD June .7554 .7597 .7536 .7549 -.0011 143,138 Sept .7566 .7609 .7548 .7561 ..0011 56,254 British Pound (CME)-62,500; $ per June 1.2754 1.2821 1.2724 1.2748 --0008 177,546 Sept 1.2787 1.2856 1.2761 -0008 89,873 Swiss Franc (CME)-CHF 125,000; $ per CHF June 1.0326 1.0376 1.0274 1.0292 -.0038 38,989 Sept 1.0387 1.0437 1.0336 1.0353 --0038 16.045 Australian Dollar (CME)-AUD 100,000; $ per AUD June .7534 .7636 A .7532 .7591 .0052 105,593 July .7531 .7631 .7530 .7587 .0051 507 Aug .7530 .7628 .7527 .7585 .0052 316 .7525 .7625 .7523 .7581 .0052 Dec .7520 .7620 .7518 .7572 .0050 224 Mexican Peso (CME)-MXN 500,000; $ per MXN June 0.5536 0.5582 0.5531 0.5560 .00027 106,536 Euro (CME)-125,000; $ per 1.1212 1.1299 1.1196 1.1219 .0003 326,182 Sept 1.1267 1.1354 1.1251 1.1274 .0004 143,565 Index Futures Mini DJ Industrial Average (CBT)-$5 x index June 21322 21388 21289 21371 49 40,827 Sept 21282 21346 A 21246 21327 47 102.619 4,211 1,890 1.2784 241.75 248,150 284,651 Corn (CBT)-5,000 bu.; cents per bu. July 381.00 385.00 376.75 377.00 -4.00 Sept 388.50 392.75 384.25 385.00 -3.50 Oats (CBT)-5,000 bu., cents per bu. July 254.00 256.25 252.50 255.50 2.25 Dec 243.75 A 241.50 242.75 2.00 Soybeans (CBT)-5,000 bu., cents per bu. July 932.00 939.00 931.00 931.75 -75 Nov 938.25 945.25 937.50 939.00 Soybean Meal (CBT)-100 tons; $ per ton. July 301.20 304.20 301.20 301.80 .30 Dec 307.00 309.20 306.70 307.70 .80 Soybean Oil (CBT)-60,000 lbs., cents per lb. July 32.09 32.28 31.96 32.09 Dec 32.50 32.40 32.56 .03 Rough Rice (CBT)-2,000 cwt.; $ per cwt. July 1124.50 1126.00 1086.00 1103.00 -22.50 Sept 1153.00 1153.00 1108.00 1130.50 -23.00 Wheat (CBT)-5,000 bu., cents per bu. July 445.00 452.25 441.75 443.00 -2.00 Sept 459.00 466.50 456.00 457.25 -2.00 Wheat (KC)-5,000 bu.; cents per bu. July 457.25 468.00 455.00 457.50 .50 Sept 474.00 484.75 472.25 475.00 .75 129,154 135,043 Sept 28,292 32.71 126,008 141,285 5.163 3,819 June 154,696 144,177 108,082 78,968 248,150 284,651 38.989 16.045 Sept 129,154 135,043 Swiss rian Mcnr 123,00, per con June 1.0326 1.0376 1.0274 1.0292 -.0038 1.0387 1.0437 1.0336 1.0353 -.0038 Australian Dollar (CME)-AUD 100,000; $ per AUD June .7534 .7636 A .7532 .7591 .0052 July .7531 .7631 .7530 .7587 .0051 Aug .7530 .7628 .7527 .7585 .0052 Sept .7525 .7625 .7523 .7581 .0052 Dec .7520 .7620 .7518 .7572 .0050 Mexican Peso (CME)-MXN 500,000; $ per MXN June 0.5536 0.5582 0.5531 0.5560 .00027 Euro (CME)-125,000; $ per June 1.1212 1.1299 1.1196 1.1219 .0003 Sept 1.1267 1.1354 1.1251 1.1274 .0004 Index Futures 105,593 507 316 28,292 224 126,008 141,285 106,536 5.163 3,819 326,182 143,565 154,696 144,177 June 108,082 78,968 49 47 40.827 102.619 Soybeans (CBT)-5,000 bu., cents per bu. July 932.00 939.00 931.00 931.75 -.75 Nov 938.25 945.25 937.50 939.00 Soybean Meal (CBT)-100 tons; $ per ton. July 301.20 304.20 301.20 301.80 .30 Dec 307.00 309.20 306.70 307.70 .80 Soybean Oil (CBT)-60,000 lbs.; cents per lb. July 32.09 32.28 31.96 32.09 Dec 32.50 32.71 32.40 32.56 .03 Rough Rice (CBT)-2,000 cwt.; $ per cwt. July 1124.50 1126.00 1086.00 1103.00 -22.50 Sept 1153.00 1153.00 1108.00 1130.50 -23.00 Wheat (CBT)-5,000 bu.; cents per bu. July 445.00 452.25 441.75 443.00 -2.00 Sept 459.00 466.50 456.00 457.25 -2.00 Wheat (KC)-5,000 bu.; cents per bu. July 457.25 468.00 455.00 457.50 .50 Sept 474.00 484.75 472.25 475.00 .75 Wheat (MPLS)-5,000 bu.; cents per bu. July 627.00 645.75 A 623.25 627.50 --50 Sept 634.25 651.50 A 630.50 634.50 Cattle-Feeder (CME)-50,000 lbs., cents per lb. Aug 149.100 149.400 145.550 146.125 -3.825 Sept 148.800 149.000 145.200 145.700 -4.000 Cattle-Live (CME)-40,000 lbs., cents per lb. June 126.875 127.000 124.500 124.500 -3.000 Aug 120.300 120.425 117.875 117.875 -3.000 Hogs-Lean (CME)-40,000 lbs.; cents per lb. June 82.775 83.050 A 82.700 83.000 .225 Aug 80.850 81.000 79.700 80.400 .175 Lumber (CME)-110,000 bd.ft., $ per 1,000 bd.ft. July 368.90 370.00 365.60 368.00 -90 Sept 354.50 359.80 354.80 357.60 -90 Milk (CME)-200,000 lbs., cents per lb. June 16.34 16.36 16.30 16.31 July 16.70 16.70 16.50 16.61 -.06 Cocoa (ICE-US)-10 metric tons; $ per ton. July 2,017 2,043 2,001 2,040 18 Sept 2,048 2,077 2,033 2,075 19 24.255 26.710 -2.80 -2.70 72,284 33,603 32,577 9,864 -2.75 1,023,610 -2.75 2.433,721 12,798 190,817 -8.10 -8.00 16.422 81,233 Mini DJ Industrial Average (CBT)-$5 x index 21322 21388 21289 21371 Sept 21282 21346 A 21246 21327 S&P 500 Index (CME)-$250 x index June 2443.00 2443.00 2429.00 2437.20 Sept 2437.10 2442.10 2427.00 2435.30 Mini S&P 500 (CME)-$50 x index June 2440.25 2440.50 2427.75 2437.25 Sept 2438.25 2443.25 2425.25 2435.25 Mini S&P Midcap 400 (CME) $100 x index June 1768.60 1773.60 1754.40 1761.50 Sept 1770.30 1774.10 1754.30 1762.10 Mini Nasdaq 100 (CME)-$20 x index June 5752.3 5780.0 5680.0 5725.3 Sept 5762.3 5789.0 5687.0 5732.8 Mini Russell 2000 (ICE-US)-$100 x index June 1428.30 1430.00 1410.00 1416.30 Sept 1427.20 1429.70 1409.80 1416.30 Mini Russell 1000 (ICE-US)-$100 x index June 1353.70 1353.70 1345.80 1351.30 Sept 1352.70 1352.70 1345.10 1350.60 U.S. Dollar Index US)-$1,000 x index June 97.01 97.11 96.31 96.31 Sept 96.73 96.81 96.02 96.59 11,366 86,145 - 26.0 -26.5 159,624 287,790 2.342 1,200 -11.10 - 10.90 164,216 493,530 5.097 4,344 -1.60 -1.00 2,724 7.716 15,136 120,024 ..02 ..09 63,508 20,603