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Consider one S&P500 Future Index where the future contract = 250 x S&P500 Futures Price. The length of the contract is 5 weeks and the

Consider one S&P500 Future Index where the future contract = 250 x S&P500 Futures Price. The length of the contract is 5 weeks and the initial margin is 25%. Assume the annual effective interest rate on the margin account is 4%. Compute the Profit for this Future assuming the following Future prices.

Time Future Price

0 1200

1/52 1253

2/52 1276

3/52 1205

4/52 1178

5/52 1244

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