Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

December futures on the S&P 500 stock index trade at 250 times the index value of 1187.70. Your broker requires an initial margin of 10%

December futures on the S&P 500 stock index trade at 250 times the index value of 1187.70. Your broker requires an initial margin of 10% percent on futures contracts. The current value of the S&P 500 stock index is 1178.. How much must you deposit in a margin account if you wish to purchase one contract?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Health Care Finance Economics And Policy For Nurses

Authors: Betty Rambur

2nd Edition

0826152538, 978-0826152534

More Books

Students also viewed these Finance questions

Question

★★★★★

Determine the fixed assets to net worth ratio for the construction companyin Figures 6-1 and 6-2. What insight does this give you into the companys financial operations? Figures 6-1 WEST MOUNTAIN...

Answered: 1 week ago

Question

★★★★★

1. Barbara and Frank were both experiencing difficulties with their sexual relationship. She could be assigned a diagnosis of female orgasmic disorder. But was the problem hers? Or was it his or...

Answered: 1 week ago

Question

★★★★★

Mega Manufacturing is considering whether to increase the production of one of its products, the Mega Rototiller. The product has done better than expected, and management wishes to figure out the...

Answered: 1 week ago

Question

★★★★★

Need help completing the following: Saxon Products, Inc., is investigating the purchase of a robot for use on the company's assembly line. Selected data relating to the robot are provided below:...

Answered: 1 week ago

Question

★★★★★

Tern Corporation expects cash flows from its risky assets in one year's time of either $110 million or $30 million, with equal probability. The firm also has debt with face value $50 million due in...

Answered: 1 week ago

Question

★★★★★

Melany is a behavior technician that is teaching their client how to identify various household items. If the supervising Board Certified Behavior Analyst (BCBA) wants to measure that the program is...

Answered: 1 week ago

Question

★★★★★

Economic research has identified a trend exhibited by one in six Britons of hiding cash in their homes instead of investing it. This is termed the "Biscuit Tin Economy." It is estimated that $3.5...

Answered: 1 week ago

Question

★★★★★

How does Purchasing bring value to a organization? When thinking about the sort ( reject nothing to need), set in order ( tidy up), shine ( keep workplace up ) , standardize ( make neatness a rule),...

Answered: 1 week ago

Question

★★★★★

Seven Administrative Assistants took a timed typing test. The test was timed for two minutes. Performance was based on how many words were typed during the two minutes. Alan typed more words than...

Answered: 1 week ago

Question

★★★★★

Hiring and training the restaurant staff. how you intend to acquire your staff. How and where will you advertise your jobs? Give an example of a brief job description for a position in your catering...

Answered: 1 week ago

Question

★★★★★

Technology. Attend a career fair or visit your campus career center and gather information on jobs available in your field. Send an e-mail to your instructor listing five possible positions for which...

Answered: 1 week ago

Question

★★★★★

Comment on what is incorrect, incomplete, or inappropriate in the following rsum sections. Rewrite each section to make it stronger, adding material where appropriate. Follow the rsum guidelines that...

Answered: 1 week ago

Question

★★★★★

How do you address an application letter if you are replying to a classified ad that does not list a contact person? (Objective 1)

Answered: 1 week ago

Previous Question Next Question