Crude oil futures contracts are 1,000 barrels, are quoted in dollars per barrel, and the initial margin is $9,000 per contract. Soybean futures contracts are 5,000 bushels, are quoted in cents per bushel, and have an initial margin of $4,725. E-mini S&P 500 futures contracts are quoted in S&P 500 index value with a $50 multiplier and have an initial margin of $12,650 per contract. Gold futures contracts are 100 ounces and are quoted in dollars per ounce.

4. The S\&P 500 Index value is 4,125.50. The monthly risk-free rate is 0.30% and the monthly S\&P 500 dividend yield is 0.42%. 3 pts a. What should be the three-month E-mini futures price? b. What should be the eight-month E-mini futures price