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eBook Problem 29-03 You expect the stock market to increase, but instead of acquiring stock, you decide to acquire a stock index futures contract. That

eBook Problem 29-03 You expect the stock market to increase, but instead of acquiring stock, you decide to acquire a stock index futures contract. That index is currently 57.6, and the contract has a value that is $400 times the amount of the index. The margin requirement is $2,000. When you make the contract, how much must you put up? Round your answer to the nearest dollar. $ What is the value of the contract based on the index? Round your answer to the nearest dollar. $ If the value of the index rises 1 percent to 58.176, what is the profit on the investment? Round your answer to the nearest cent. $ What is the percentage earned on the funds you put up? Round your answer to one decimal place. % If the value of the index declines 1 percent to 57.024, what percentage of your funds will you lose? Round your answer to one decimal place. Enter your answer as a positive value. % What is the percentage you earn (or lose) if the index falls to 52.6? Round your answer to one decimal place. Enter your answer as a positive value. The percentage -Select- is %.

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