Question
a. Refer to Figure 17.1 and locate the E-Mini contract on the Standard & Poors 500 Index. If the margin requirement is 18% of the
a. Refer to Figure 17.1 and locate the E-Mini contract on the Standard & Poors 500 Index. If the margin requirement is 18% of the futures price times the multiplier of $50, how much must you deposit with your broker to trade the June contract? (Input the amount as positive value. Round your answer to 2 decimal places.) b. If the June futures price were to increase to 2,462, 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.) c. If the June futures price falls by 1.8%, what is the percentage gain or loss on your net investment? (Input the amount as positive value. Do not round intermediate calculations
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