a. Refer to Figure 171 and locate the E-Mini contract on the Standard & Poor's 500 Index. If the margin requirement is 22% of the futures price times the multiplier of $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 were to increase to 2,460, 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 % 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.) wy Futures Contracts Metal & Petroleum Futures Cele ICE-USSO Su World Cupert Suomes US12.000 hects per Cotion CE-US-50.000 per Copper High (CM5,000 per 2. 20 2 2014 Gold CMX-100 tayo. Sperry 15 . 20 . 7 11.30 UTIN 12 Pulled NYM) Stroy: petry . HEN 5.00 es . 0.01 Orange Juice ICE-US.000 per Interest Rate Futures Treasury BCBT) 500.000 de of KIBO 8.45 Platin NYM-50troy: Sperry 21.30 Silver CMX)-5.000 try :: Sperry Treasury Notes CTS0000 sofos 10 5. Treasury Notes (c) 500.000 de of --- 2.Trasy Notes on 200.000 Bands of soos . 30 Day Federal CT) 5.000.000 dalyng . HAN 10 Y Dell. RS CIT- Sofos Crude Oil Light Sweet NYM-1000 perbal 4.3 UN UN Sep 45.14 15.00 - GEN 60 4121 -10 NY Harbor ULSD (NYM.C2.000 : 5 pega ta LANCO 14 Gasoline NY RBOBINYM)-42.000 gal: Spergal LAT - Natural Gas NYM) 10.000 MM Sper 2 Ros 3.00 28 Set 2 22 M 3. 1 Month UOMO SC 118 SES Eurodollar OME) 000000 TET Currency Futures Japanese Yen CM)-2.500.000 500 Canadian Dollar CAD 100.000 per CAD Agriculture Futures Com (CBT) 5,000 bucets per bu. Seat Oats CBT-5.000 bucents per -1.50 British Pound CME) 2005 Soybean CBT) 5,000 Swiss Franc CME OF 5.000.00 Soybean Meal CBT)-100 Australian Dollar AUD 100,000 AUD Soybean Oil CET) 60,000 lbs.cents per 20.30 10:50 Rough Rice CBT)2.000 cot: 5 perc 1 Mest CME) ON 5000 N Euro CME). 25.000 Whet CBT)-5.000 bucets per bu 43.00 Wheel 5,000 berts M . 457 Sept wa Wheat MPLS) 5,000 bis perbu M le Cattle Feeder (CE) 50.000 Index Futures Min Jinsi) Sinds 22 SUP SOI CE 250 index 68 MSEP 500 CME) SAP Midcap 400 CM 500 -10 Care CME) 40.000 os.com 00 1204 Hogsteen CME) 40,000 lbs. con per 1.100 1200 Lumber CHE-180,000 bd. 5 perL000 3.00 . 100 CM 120 w 2000 500 de MIRCHE) 200.000 M000 EURO 13 Coco CEU metro pero us. Donex CESSO 11 10 Futures Contracts Metal & Petroleum Futures SR SOK W WE Copper High (CM25,000 perib . 3.578 Gold CMO) 300 pertray 1. 30 E 12 . Palladium NYM) 50 typertroy 1.800 WIN VE ME mas det WE Coffee CE-US2.500 cents perib IN UH 11. . Sugar World CICE-US-722.000 lbs..cents per 11 13 Sugar Domestic ICE-US-72.000 bicent perib IN 2015 REF 3 . Coton BICE US50.000 sent perib 7.se . Orange Me ICE-US-15.000 lbs:cent perib . CORT Interest Rate Futures Treasury Bondi (CBT) 500.000 pends of 5-19 15-30 THIS Treasury Notes (CBT)-500,000, pts 32nds of soos 12-18. - Syr. Treasury Notes (CBT)-$100.000 pes 3rds of 100% une 18-25 - - T- A 2Yt. Treasury Notes (CRT)-$200.00 pends of soon LP S-W-2-600 LINE 30 Day Federal Funds (CBT) 55,000,000: 100 dalyv TUM MS . TAN 10 Yr. Del. Int. Rate Swaps (CUT) $100.000 ps 2nds of 100% H.14 12:04 1 Month Libor (CMO)-58,000,000pts of 0% CH 10.5.00 W 05 Platinum (NYM) 50 typertroy . 9. Silver (CMO) 5,000 boy or per ty 11 SOM SE AN . WYN SI BHP 10 EuroCME-SL.000.000 photos 000 Crude Oil Light Sweet NYM)-1000 os.: Sperbol - 4 EN 43.85 AN 5. . 5 1 EN -UN 0.00 NY Harbor ULSD NYM-42,000 gal: 5pergal 1. 162 14 14 Gasoline NY ADOBNYM 42.000 pergal LANT HARTI Natural Gas NYM 10.000 MB: Sper. 2.1 2.99 28 - Se 2. Art 20 Agriculture Futures Com (CBT)-5,000 bucets per 171 -40 . Oats (CBT)-S,000 23 NU Soybeans (CT) 5.000 cents per bu TAIP UM UN HRE BE Currency Futures Japanese Yen (CME-V12,500,000: per 100W 18.01 G. 1 Canadier CME) CAD 100.000 per CAD 7 AN HE British Pound CME) 62.500 per 1 th w Swiss Franc (CMI) OF 105,000 per CHF 1 16 100 - Australian Dollar CME) AUD 100,000 AUD M . IS Soybean Meal (CBT) 100 om per . SH W TOK SE Soybean CBT)-60,000 lbs: cents per N BE - Rough Rice CBT)-2.000 wt: $ percut INS SS Mexican Peso CME) MIN 500.000 per fue CME)-C125,000, 5 perc LIN LUSI Index Futures Mwal Age (CBT) 5 x index Wheat COT).000 cents per bu MY !! !! !! **** !! !! ** " !! !! 49." w Wheel 5.000 www Wheat MPLS)-5.000 bucets per SAP 500 Index CME) $250 x index SEEDS ww Catefoder CME) 50.000 lbs..ceperb Min SLP 500 CME)-550 x Index 49 2 L Cateuve CM) 40.000 lbs . E N MSP400 CME) 500 index IN Min Nasdaq 100 CME) $20 x index Hogelean CME) 40,000 TH MS s Lumber CME) 10.000 de Mile 2000 CE-US-$100 x index MI Mil Russell 1000 BCE-US-$100 x index MCME)200.000 At IN US Dollar Index CEUS) $1.000 index Cocoa CE-US-10 metto per 20 un Connect figu Futures Contracts Metal & Petroleum Futures Copper-High (COX) 25.000 : Sperb 2510 2.57 Gold CMX100 trey o per troyo 3.000 Dg Coffee ICE-US).500 cents peris. 135.0 128.55 18.00 Sugar World CE-US-10.000 lbs.:cents per TRA 181 Sugar Domestic ICE-US-12.000 lbscribe EN 1.44 Cotton CE-US) 50,000 lbs. cents perib NR 21 70. Orange Juice ICE-US-15,000 lbs.:cent per H4 6685 un 20 UNS 225.000 . 35.00 Palladium (NYM) SO Troyer: $ per troyer 6. 3 30 55 S ES 82 2 5 UN BER 2015 TODO BUL15 Platinum INYM) Stron: Sper troy W. Silver CMX-5.000 r.: pertray 12.01 a 15 Interest Rate Futures Treasury Bonds (CBT) $100,000, pts 32nd of 100% --- 3-1 - - Treasury Notes (CBT)-500,000, pis 32nds of soos 101 5 Yt. Treasury Notes (CBT)-500,000, ands of -- 11-18 11-22 11-05-11-18 11-18 29. Treasury Notes (CBT)-$200,000: pts 32nds of TART 13 Day Federal Funds (CBT)-$5,000,000.00 dollywg 8.50 10 Y.Del. Int. Rate Swaps (CBT) $100,000 ps 32nds of soos 0.900 1 Month Ubor (ME) $3.000.000, pts of 10 90.000 Eurod (CE)-1.000.000 pls of - LESS - SH TH 10 Crude Oil Light Sweet INYM) 1,000 bos: 5 per bal 56 2000 43 5 IN 036 TU 41.00 -UN NY Harbor ULSO INYM-42,000 gal: pergal 14 LEO HS Gasoline NY ROBNYM) 42.000 gal: pergal TAR TANTS S. Natural Gas NYM-10.000 MM: Sper MMB. 2. 3:30 2.300 20 2.1 - 1.2 2. TS 1 2. Agriculture Futures Com CBT)-5,000 bucets per . 2 1. Oats (CBT)-5,000 bucets per bu 20 25 32. W Soybeans (CBT) 5,000 bucents per bu. . 21 HSS . Soybean Meal (CBT) 100 open Der . Soybean Oil CBT) 60,000 tis..cents per a Currency Futures Japanese Yen (CMEV12,500,000 $ per 100 12 Canadian Dollar (CME) CAD 100,000, 5 per CAD - British Pound CME) 62,500 per DOS UN Swiss Franc CME) OF 125.000 LAN LIN La Australian Dollar (CME) AUD 100,000: 5 per AUD M . hi Meskan PerseCME) MOON 500.000: MON Euro ICME) 125.000 LEN 10 Rough Rice (CET)-2.000 wt.: 5perc. 111 Whet CBT) 5.000 bucent . Wheat C.000 cents Se Wheat (MPLS5.000 be IS. SH Cattle Feeder CME50.000 ocents per S Cane-Live CME) 40,000 lbs 9.000 A Hogs lean (CNE) 40.000 hs.cents per Index Futures MDE il Average CBT) unde . SEP 500 ME 250 de SUP 500 a 2 Min SAP de 400 CM) 100 xides 12 U Min Nandy 100 CME) 520 Index Lumber CME) 10,000 per LOOMI . Mine 2000 ICE-US 5100 x Index 21 1110 MIRCHE) 200,000 s.c.cents per in well 1000 EUR 500 index LT a. Refer to Figure 171 and locate the E-Mini contract on the Standard & Poor's 500 Index. If the margin requirement is 22% of the futures price times the multiplier of $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 were to increase to 2,460, 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 % 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.) wy Futures Contracts Metal & Petroleum Futures Cele ICE-USSO Su World Cupert Suomes US12.000 hects per Cotion CE-US-50.000 per Copper High (CM5,000 per 2. 20 2 2014 Gold CMX-100 tayo. Sperry 15 . 20 . 7 11.30 UTIN 12 Pulled NYM) Stroy: petry . HEN 5.00 es . 0.01 Orange Juice ICE-US.000 per Interest Rate Futures Treasury BCBT) 500.000 de of KIBO 8.45 Platin NYM-50troy: Sperry 21.30 Silver CMX)-5.000 try :: Sperry Treasury Notes CTS0000 sofos 10 5. Treasury Notes (c) 500.000 de of --- 2.Trasy Notes on 200.000 Bands of soos . 30 Day Federal CT) 5.000.000 dalyng . HAN 10 Y Dell. RS CIT- Sofos Crude Oil Light Sweet NYM-1000 perbal 4.3 UN UN Sep 45.14 15.00 - GEN 60 4121 -10 NY Harbor ULSD (NYM.C2.000 : 5 pega ta LANCO 14 Gasoline NY RBOBINYM)-42.000 gal: Spergal LAT - Natural Gas NYM) 10.000 MM Sper 2 Ros 3.00 28 Set 2 22 M 3. 1 Month UOMO SC 118 SES Eurodollar OME) 000000 TET Currency Futures Japanese Yen CM)-2.500.000 500 Canadian Dollar CAD 100.000 per CAD Agriculture Futures Com (CBT) 5,000 bucets per bu. Seat Oats CBT-5.000 bucents per -1.50 British Pound CME) 2005 Soybean CBT) 5,000 Swiss Franc CME OF 5.000.00 Soybean Meal CBT)-100 Australian Dollar AUD 100,000 AUD Soybean Oil CET) 60,000 lbs.cents per 20.30 10:50 Rough Rice CBT)2.000 cot: 5 perc 1 Mest CME) ON 5000 N Euro CME). 25.000 Whet CBT)-5.000 bucets per bu 43.00 Wheel 5,000 berts M . 457 Sept wa Wheat MPLS) 5,000 bis perbu M le Cattle Feeder (CE) 50.000 Index Futures Min Jinsi) Sinds 22 SUP SOI CE 250 index 68 MSEP 500 CME) SAP Midcap 400 CM 500 -10 Care CME) 40.000 os.com 00 1204 Hogsteen CME) 40,000 lbs. con per 1.100 1200 Lumber CHE-180,000 bd. 5 perL000 3.00 . 100 CM 120 w 2000 500 de MIRCHE) 200.000 M000 EURO 13 Coco CEU metro pero us. Donex CESSO 11 10 Futures Contracts Metal & Petroleum Futures SR SOK W WE Copper High (CM25,000 perib . 3.578 Gold CMO) 300 pertray 1. 30 E 12 . Palladium NYM) 50 typertroy 1.800 WIN VE ME mas det WE Coffee CE-US2.500 cents perib IN UH 11. . Sugar World CICE-US-722.000 lbs..cents per 11 13 Sugar Domestic ICE-US-72.000 bicent perib IN 2015 REF 3 . Coton BICE US50.000 sent perib 7.se . Orange Me ICE-US-15.000 lbs:cent perib . CORT Interest Rate Futures Treasury Bondi (CBT) 500.000 pends of 5-19 15-30 THIS Treasury Notes (CBT)-500,000, pts 32nds of soos 12-18. - Syr. Treasury Notes (CBT)-$100.000 pes 3rds of 100% une 18-25 - - T- A 2Yt. Treasury Notes (CRT)-$200.00 pends of soon LP S-W-2-600 LINE 30 Day Federal Funds (CBT) 55,000,000: 100 dalyv TUM MS . TAN 10 Yr. Del. Int. Rate Swaps (CUT) $100.000 ps 2nds of 100% H.14 12:04 1 Month Libor (CMO)-58,000,000pts of 0% CH 10.5.00 W 05 Platinum (NYM) 50 typertroy . 9. Silver (CMO) 5,000 boy or per ty 11 SOM SE AN . WYN SI BHP 10 EuroCME-SL.000.000 photos 000 Crude Oil Light Sweet NYM)-1000 os.: Sperbol - 4 EN 43.85 AN 5. . 5 1 EN -UN 0.00 NY Harbor ULSD NYM-42,000 gal: 5pergal 1. 162 14 14 Gasoline NY ADOBNYM 42.000 pergal LANT HARTI Natural Gas NYM 10.000 MB: Sper. 2.1 2.99 28 - Se 2. Art 20 Agriculture Futures Com (CBT)-5,000 bucets per 171 -40 . Oats (CBT)-S,000 23 NU Soybeans (CT) 5.000 cents per bu TAIP UM UN HRE BE Currency Futures Japanese Yen (CME-V12,500,000: per 100W 18.01 G. 1 Canadier CME) CAD 100.000 per CAD 7 AN HE British Pound CME) 62.500 per 1 th w Swiss Franc (CMI) OF 105,000 per CHF 1 16 100 - Australian Dollar CME) AUD 100,000 AUD M . IS Soybean Meal (CBT) 100 om per . SH W TOK SE Soybean CBT)-60,000 lbs: cents per N BE - Rough Rice CBT)-2.000 wt: $ percut INS SS Mexican Peso CME) MIN 500.000 per fue CME)-C125,000, 5 perc LIN LUSI Index Futures Mwal Age (CBT) 5 x index Wheat COT).000 cents per bu MY !! !! !! **** !! !! ** " !! !! 49." w Wheel 5.000 www Wheat MPLS)-5.000 bucets per SAP 500 Index CME) $250 x index SEEDS ww Catefoder CME) 50.000 lbs..ceperb Min SLP 500 CME)-550 x Index 49 2 L Cateuve CM) 40.000 lbs . E N MSP400 CME) 500 index IN Min Nasdaq 100 CME) $20 x index Hogelean CME) 40,000 TH MS s Lumber CME) 10.000 de Mile 2000 CE-US-$100 x index MI Mil Russell 1000 BCE-US-$100 x index MCME)200.000 At IN US Dollar Index CEUS) $1.000 index Cocoa CE-US-10 metto per 20 un Connect figu Futures Contracts Metal & Petroleum Futures Copper-High (COX) 25.000 : Sperb 2510 2.57 Gold CMX100 trey o per troyo 3.000 Dg Coffee ICE-US).500 cents peris. 135.0 128.55 18.00 Sugar World CE-US-10.000 lbs.:cents per TRA 181 Sugar Domestic ICE-US-12.000 lbscribe EN 1.44 Cotton CE-US) 50,000 lbs. cents perib NR 21 70. Orange Juice ICE-US-15,000 lbs.:cent per H4 6685 un 20 UNS 225.000 . 35.00 Palladium (NYM) SO Troyer: $ per troyer 6. 3 30 55 S ES 82 2 5 UN BER 2015 TODO BUL15 Platinum INYM) Stron: Sper troy W. Silver CMX-5.000 r.: pertray 12.01 a 15 Interest Rate Futures Treasury Bonds (CBT) $100,000, pts 32nd of 100% --- 3-1 - - Treasury Notes (CBT)-500,000, pis 32nds of soos 101 5 Yt. Treasury Notes (CBT)-500,000, ands of -- 11-18 11-22 11-05-11-18 11-18 29. Treasury Notes (CBT)-$200,000: pts 32nds of TART 13 Day Federal Funds (CBT)-$5,000,000.00 dollywg 8.50 10 Y.Del. Int. Rate Swaps (CBT) $100,000 ps 32nds of soos 0.900 1 Month Ubor (ME) $3.000.000, pts of 10 90.000 Eurod (CE)-1.000.000 pls of - LESS - SH TH 10 Crude Oil Light Sweet INYM) 1,000 bos: 5 per bal 56 2000 43 5 IN 036 TU 41.00 -UN NY Harbor ULSO INYM-42,000 gal: pergal 14 LEO HS Gasoline NY ROBNYM) 42.000 gal: pergal TAR TANTS S. Natural Gas NYM-10.000 MM: Sper MMB. 2. 3:30 2.300 20 2.1 - 1.2 2. TS 1 2. Agriculture Futures Com CBT)-5,000 bucets per . 2 1. Oats (CBT)-5,000 bucets per bu 20 25 32. W Soybeans (CBT) 5,000 bucents per bu. . 21 HSS . Soybean Meal (CBT) 100 open Der . Soybean Oil CBT) 60,000 tis..cents per a Currency Futures Japanese Yen (CMEV12,500,000 $ per 100 12 Canadian Dollar (CME) CAD 100,000, 5 per CAD - British Pound CME) 62,500 per DOS UN Swiss Franc CME) OF 125.000 LAN LIN La Australian Dollar (CME) AUD 100,000: 5 per AUD M . hi Meskan PerseCME) MOON 500.000: MON Euro ICME) 125.000 LEN 10 Rough Rice (CET)-2.000 wt.: 5perc. 111 Whet CBT) 5.000 bucent . Wheat C.000 cents Se Wheat (MPLS5.000 be IS. SH Cattle Feeder CME50.000 ocents per S Cane-Live CME) 40,000 lbs 9.000 A Hogs lean (CNE) 40.000 hs.cents per Index Futures MDE il Average CBT) unde . SEP 500 ME 250 de SUP 500 a 2 Min SAP de 400 CM) 100 xides 12 U Min Nandy 100 CME) 520 Index Lumber CME) 10,000 per LOOMI . Mine 2000 ICE-US 5100 x Index 21 1110 MIRCHE) 200,000 s.c.cents per in well 1000 EUR 500 index LT
