Chu a. Refer to Figure 171 and locate the E Mini contract on the Standard & Poor's 500 Index. If the margin requirement is 17% 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 2.466, 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 3.0%, what is the percentage gain or loss on your net investment? (Input the amount as positive value. Do not round intermediate calculations.) 50 of Futures Contracts Chg Metal & Petroleum Futures Open Interest 1,053 83,015 Contract Open Open High hilo Low Settle Interest Coffee (ICE-US)-37,500 lbs.; cents per lb. July 126.50 127.90 125.30 125.55 - 85 44,764 Sept 128.25 130.00 127.55 127.75 -90 97,731 Sugar-World (ICE-US)-112,000 lbs., cents perlb. July 13.74 13.81 7 13.36 13.62 -.17 212.475 Oct 13.97 13.99 13.61 13.85 -17 349,542 Sugar-Domestic (ICE-US)-112,000 lbs.; cents per lb. Sept 27.76 27.76 27.75 27.67 1,964 27.39 27.39 27.39 27.44 -.04 1,279 Cotton (ICE-US)-50,000 lbs., cents per lb. July 74.47 74.83 73.40 73.50 -98 45,003 Dec 71.82 72.00 70.86 70.95 -.87 155,910 Orange Juice (ICE-US)-15,000 lbs., cents per lb. July 141.05 141.50 139.00 140.25 -.80 6,044 Sept 138.45 139.55 137.40 138.05 -1.40 4,087 .03 Nov 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 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. June 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 858.90 871.25 847.55 853.80 -3.75 Dec 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 Aug 1,551 345,745 10,913 80,269 10,331 5.920 Interest Rate Futures 82 45 2 34,111 1.729 122 16 Platinum (NYM)-50 troy oz.; $ per troy oz. June 925,40 926.80 925.40 950.70 27.70 48 July 925.00 955.50 923.30 951.90 27.70 52.791 Silver (CMX)-5,000 troy oz.: $ per troy oz. June 16.840 17,180 16.840 17.107 0.369 28 July 16.820 17,365 16.790 17.136 0.369 100,533 Crude Oil, Light Sweet (NYM)-1,000 bbls.: $ per bbl. July 45.94 46.49 44.55 44.73 -1.73 209.102 Aug 46.13 46.68 44.74 44.93 -1.74 442,660 Sept 46.38 46.85 44.96 45.14 -1.75 274.042 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 98.975 798.960 98.963 005 78,380 AG an 17. ARLO 22 Palladium (NYM-50 troy oz.; $ per troy oz. June 862.80 869.50 862.80 863.30 -2.95 82 July 865.60 871.55 85235 857.60 -3.75 45 Aug 858.50 863.50 858.50 856.15 -3.75 2 Sept 858.90 871.25 847.55 853.80 -3.75 34,111 Dec 843.90 857.10 837.00 843.50 -0.45 1,729 March 18 839.30 843.00 A 835.00 832.15 -0.45 122 June 839.00 839.00 A 839.00 828.15 -0.45 16 Platinum (NYM)-50 troy oz.; $ per troy oz. June 925,40 926.80 925.40 950.70 27.70 48 July 925.00 955.50 923.30 951.90 27.70 52.791 Silver (CMX)-5,000 troy oz.: $ per troy oz. June 16.840 17.180 16.840 17.107 0.369 28 July 16.820 17,365 16.790 17.136 0.369 100,533 Crude Oil, Light Sweet (NYM)-1,000 bbls.: $ per bbl. July 45.94 46.49 44.55 44.73 -1.73 209,102 Aug 46.13 46.68 44.74 44.93 -1.74 442,660 Sept 46.38 46.85 44.96 45.14 -1.75 274,042 Dec 46.90 47.37 45.59 45.82 -1.63 311.431 June 18 47.74 47.95 46.49 46.74 -1.36 121,798 Dec 48.00 48.24 46.90 47.21 -1.10 150.760 NY Harbor ULSD (NYM)-42,000 gal: $ per gal. July 1.4412 1.4550 1.4062 1.4102 -,0375 81.641 Aug 1.4500 1.4618 1.4139 1.4180 -0368 84.147 Gasoline-NY RBOB (NYM)-42,000 gal.; $ per gal. July 1.4856 1.4959 1.4292 1.4327 -0668 97,511 Aug 1.4811 1.4953 1.4281 1.4315 -.0625 85.745 Natural Gas (NYM)-10,000 MMBtu.; $ per MMBtu. 2.962 2.989 2.916 2.933 -.033 186,368 2.990 3.007 2.936 2.953 -036 208.648 Sept 2.970 2.989 2.922 2.937 180.592 Oct 2.997 3.013 2.949 2.962 185,021 Jan 18 3.301 3.303 3.249 3.263 -033 109.540 April 2.881 2.887 2.854 2.856 -026 85,557 Sept 138.45 139.55 137.40 128.05 -1.40 4,087 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 125105 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 -2005 78,380 July 98.860 98.875 V 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 V 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 July Aug -035 -038 Currency Futures Japanese Yen (CME)- 12,500,000; $ per 100 June Sept 9086 9124 .9192 .9228 9064 9102 .9129 :9166 -0033 -0033 145,801 63.409 186,368 208,648 180,592 185,021 109,540 85,557 452,077 409,284 4,211 1,890 10 Circle Equation Calc... Watch Wrestling - F.. 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 3.263 -033 April 2.881 2.887 2.854 2.856 -026 Agriculture Futures Com (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 241.75 243.75 A 241.50 242.75 2.00 Soybeans (CBT)-5,000 bu., cents per bu. 932.00 939.00 931.00 931.75 Nov 938.25 945.25 937.50 939.00 Soybean Meal (CBT)-100 tons; $ per ton. 301.20 July 304.20 301.20 30 301.80 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. 1124.50 July 1126.00 1086.00 - 22.50 1103.00 1 153.00 Sept 1153.00 1108.00 - 23.00 1130.50 Wheat (CBT)-5,000 bu.; cents per bu. 445.00 July 452.25 441.75 -2.00 443.00 459.00 Sept 466.50 457.25 456.00 -2.00 Wheat (KC)-5,000 bu.; cents per bu. 468.00 455.00 457.25 .50 457.50 July 484.75 474.00 Sept .75 475.00 472.25 Sept 98,6400 98.7000 98.5400 98.5700 Dec 98.5600 0250 T40T 477 98,6300 98.5550 98.5900 Dec 18 0300 1,724,990 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 145,201 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 1.2784 -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 Sept .7525 .7625 .7523 .7581 .0052 28,292 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 1.1219 1.1196 June .0003 326,182 1.1267 1.1354 Sept 1.1251 .0004 1.1274 143,565 Index Futures -.75 July 248,150 284,651 129,154 135,043 126,008 141,285 5,163 3,819 154.696 144,177 49 47 40,827 102,619 108,082 78.968 Mini DJ Industrial Average (CBT)-$5 x index June 21322 21388 21289 21371 Sept 21282 21346 A 21246 21327 S&P 500 Index (CME) $250 x index. d-media.mheducation.com/MW Watch Wrestling - Mt Carcle Equation Cak ams... 126,008 141,285 Dec 5,163 3,819 154,696 144,177 108,082 78,968 24.255 26,710 32,577 9.864 July 32.09 3220 31.96 32.09 3250 32.71 32.40 32.56 03 Rough Rice (CBT)-2,000 cwt.; $ per cwt. 1124 50 1126.00 1086.00 1103.00 -22.50 Sept 1153.00 1153.00 110R 00 1130.50 - 23.00 Wheat (CBT) 5,000 bu; cents per bu. Jun 445.00 452.25 441.75 443.00 -2.00 Sepe 459.00 466.50 456.00 457.25 -2.00 Wheat (KC)-5,000 bu.; cents per bu. July 45725 468 00 455.00 457.50 .50 Sept 474.00 484.75 47225 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 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 June 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 S&P 500 Index (CME) $250 x index June 2443.00 2443.00 2429.00 2437.20 -2.80 72.284 Sept 2437.10 2442.10 2427.00 2435.30 -2.70 33,603 Mini S&P 500 (CME)-$50 x index June 2440.25 2440.50 2427.75 2437.25 -2.75 1,023,610 Sept 2438.25 2443.25 2425.25 2435.25 -2.75 2.433,721 Mini S&P Midcap 400 (CME) $100 x index June 1768.60 1773.60 1754,40 1761.50 -8.10 16,422 Sept 1770.30 1774.10 1754.30 1762.10 -8.00 81,233 Mini Nasdaq 100 (CME)-$20 x index June 5752.3 5780.0 5680.0 5725.3 -26.0 159,624 Sept 5762.3 5789.0 5687.0 5732.8 -26.5 287,790 Mini Russell 2000 (ICE-US) $100 x index June 1428.30 1430.00 1410.00 1416.30 -11.10 164.216 1427.20 1429.70 1409.80 1416.30 -10.90 493.530 Mini Russell 1000 (ICE-US)-$100 x index June 1353.70 1353.70 1345.80 1351.30 -1.60 2,724 Sept 1352.70 1352.70 1345.10 1350 60 - 1.00 7,716 U.S. Dollar Index (ICE-US) $1,000 x index June 97.01 97.11 96.31 96.31 -02 63,508 Sept 96.73 96.81 96.02 96.59 - 09 20,603 12,798 190,817 11,366 86,145 2.342 1,200 Sept 5,097 4,344 15,136 120,024