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a . Refer to the table below and locate the E - Mini contract on the Standard & Poor's 5 0 0 Index. If the

a. Refer to the table below and locate the E-Mini contract on the Standard & Poor's 500 Index. If the margin requirement is 10% of the futures price times the multiplier of $50, how much must you deposit with your broker to buy one December contract?
Note: Round your answer to 2 decimal places.
Required margin
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