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Refer to the Mini-S&P contract in Eigure 22.1; Assume the closing price for this day, monum a. If the margin requirement is 14% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the June maturity contract? (Round your answer to the nearest whole dollar.) Answer is complete but not entirely correct. Required margin deposit $14,519 b. If the June futures price increases to 2605.00, what percentage return will you earn on your 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.) Answer is complete but not entirely correct. Percentage return on net investment 1.83 % c. If the June futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. 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Assume the closing price for this day. a. If the margin requirement is 14% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the June maturity contract? (Round your answer to the nearest whole dollar.) Required margin deposit b. If the June futures price increases to 2605.00, what percentage return will you earn on your 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 on net investment c. If the June futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Percentage return on net investment (7.14) % Futures Contracts I wsi.com/commodities Metal & Petroleum Futures Contact Open Open High Setle Che ist Copper High 00 25,000 $ per t 2440-00105 1354 Jan 26445 26460 1640 March 2500 2450 2635 1830-00105 IMAN Gold 0-100 boy pr 1294.00 1206.30 410 353 Feb 120000 A10 302,111 Jur 1287.00 1297.00 126430 1796.30 13.00 1298.50 1353.00 1315.30 130 50 130.0 420 41000 Au 130 00 4.10 10331 Dec 1221.50 4.30 93 131740 136.30 1312.00 F20 1827 0 1321.00 Palladium 327 30 1327.70 4:30 50 y 1 Math 1240 124840412300 1240.20 34701 5.80 1224.30 470 3313 1282023130 1216.10 Platinum peso 50 boyo 12420 2500 per Boy 21.00 $18.40 -30 121.30 824.30-240 201 Ap 2730836.50 1551 Siver 00 5000 troboyo 15.750 1570 15.750 15800 150 15.00 a 821 15.009-0 15.756 -0800 March 123 Crude Oil, Light Sweet pre-1.000 Feb 46.22 479411 $ p 48.52 48.32 Mach 50.11 4.4 362.00 3639 654 49.17 0.52 136,259 Ap 4135 50.47 48.30 May 49.32 5030 A 49.32 41.60 650 115349 120.254 4.72 30.04 ca 49.79 51.33 5132 5277 5130 1141 0.40 NY Harbor ULSD N-42.000 ope Feb 17775 18345 & 1774 Mach 1701 18160 A170 13704 DON 17714 100,341 733 Gaseline NY RBOB pre-42.000 gol: $ per gal 3505 12145 13716 14000 1300-000 12054 13541-00 March 18.341 Natural Gas G-10000 MM Sp THE 2994 174258 254-100 2332 March 2812 2306 Apri 2450 2.300 2910 3703 -M 270370 2540 2677 2837 May M 2007 2425 2718 2795 2700 od 2730 2361 Agriculture Futures Com cat-5000 bucces per bu Ma 225 30400 38125 250 3.00 3900 Ots(T)5,000 cents per ba March 2750 2025 Mer 27650 279.50 279.50 27400 Soybeans cet-5.000 h: cents pert 1000 $15.75 90050 March 21.00 $27.2562075 Soybean Meal (Cam 100 pr Jan 31000 319.30 & 29500 March 34032330 A 31420 Soybean 0-60,000 cent per Jan 28.12.20 Much 21.0 Rough Rice 2000 2830 3851 264Y per ot March 10400 10000 1000 100.0 May 1271.50 10330107150 1082.50 Wheat 5000 b cen per be March 31675 1-3 516.00 $19.30 5305053050 11350 5550 per 52740 -150 Wheat pis March 50625 56725 503.00 -100 May 51200 SOM SIS $14.50-300 Wheat pe 5000 p March 57 57200 May 500 144.00 -235 37325 -275 3753057725 speb LA 1460144200 14000 Catte Feeder 10.000 Ja M542.150 1460 142000 4300 Ciede-Live CHE-40000 bet Feb 121 122400 121.45 122.20 Ap 1250 125 15.500 USA Hogs-Leen) 40.000 per Febr 1900 44.375 1501250 300 640055 Ap Lunder Ju 1000 per 4 306.20 3230 324.30 120 311.00 200 ICH M 1457 -M C M Ma HE tr FUNE 44 ure WE Ape www. 306.000 AKO ICE: ONKY NOISES 2418 WIZ 9500 UNS 1.1 ware ON. 143 WET LIVE Coffee E-37,500 March May 104.40 1055 Sugar World ecsus-112.000 Mach 11,95 1267& Mar 12.04 12.73 A 1203 Sugar Domestic pc-UR-112000 2540 Mach May 254 254 25.50 25.54 & 25.50 Cotton ocs-uns 50,000 as por b 71827249 March 7252 May 71 72 7312 14.10 Orange Juice 5,000 b canter 121212200 121.15 121.95 Mack 123751240 12245 123.85 14100 Interest Rate Futures Treasury Bands at $100.000 pts 3nde of 100% Mach 146230 1412 145-040 145-160-120 495 145-160 146-19 1465-300 145-270-130 Treasury Notes $100.000 22 100 Math 122-000 122-158 12120122015 Ane 122-150 1222 2205122-101 SY Treasury M y Notes o (ar) $100.000 ps 32 of 100% March 114215 11421455114-17 -15 2 Treasury Note (0) $200.000 ps 32100 10 100 M 106025 27 2553,99 30 Day Federal Funds -$5.000.000 100-dely Ja Apt 312312 31671 10 Dell Rate Smaps an-100.000 33 of 100% Mat 1027 102791002297 (29 2008 1 Month Libor (CM) $1.000.000 300 974875 dos 535 $1,000,000 pes of 100% an Eurodoller ( 9723 97235 Mach 072950 $7310 2250 972300 Dos 20 2014 (21 2950 97.2000 14841) Je $350 $34502900923150 TRAN $13050524100 3250 $73550 2540 275-0 5445 12.500.000 $ per 100 8211 38221 5 751542 367.50 -751 202315 27950 -50 276.00 -425 4,324 630 $12.35 $24.25 2.35 25 3232 31830 19 1211 HOM 3:30 302.30 -35 $12 216546 M Apt A 18.50 2304 Sept AS ww HEVE POLE 110- 200-1992 100-1022. INT ONDE NOX B tors SEOSEZ www. B 98145 M (HISZ HC way 110341 March BLIZZ 31347 13377 LAD 2.324 140 HOY WATY Conrad Op High bw per 101.50 102.45 A LIS 50430 WCALE 11300 song ISON cents per PELL 7125 315 32 3144 HD 2147 alt 10 Index Futures MDJ Indal Aeg jo s 2343 SEP w SAP 500 APE -150 30341 MUCH Mad R Mach DON THEY OLE ONE THE HAKY Currency Futures Japanese Yen 3228 3272 3110 9213-000 3258-0008 CA Canadian Dollar CAD 100,000 3479 2530 3479 7522 Hath 7434 2541 3401 201 BP) 2,500 a 12747 12775 A 12729 1311 1274 March 1370 SOF 125,000 per 12775 13815 1.00 kazes 10000 Je LOMA 1000 Australian Dollar CAD 1000001 2125 10277 0071 14341 Dre ALD 2141 71507104 2147 71401135 2150 2152 31007144 NON 2100 Sette 102.75 106.75 1.10 12.45 0 500.000 per o $500 out 852 RR 35 *** BILE 13.72 per 25.40 25.50 21 73.75 www.x 1.15 127,1m K DESCE PRINSE 30 108,201 2,7 2415 1670 19 ERSTOLY - 1500 0504 26113 00014 13415 1.3436 30TH CHE 11047 1090 SECONY SE HOUR! 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Copper High 025,000 $ per 104.40 106.55 104.30 105.75 1.10 KE30 26445 26460 Sugar World CE-US)-112,000 becent per Jan 26410 28500 26595 2635 26410-00505 26370-00105 March 1,754 138.428 March 11.96 May 12:04 12:45 M 12.03 Gold MQ-100 toy : $ per boy o 12.72 12.67 11.54 12.73 CE-112.000 25.40 A 25.34 188.201 Sugar-Domestic Jan 120400 1206 80 4.10 per 351 Mich 25,40 Feb 1287.00 1297.00 1284.10 1298 30 130.00 4.10 25:40 302,111 1299 90 1298.50 1302.00 May 25.50 June 2,718 2455 4.20 KLANG 25.54 & 25.50 cents par b 25.50 Aug Cotton pc-us)-50,000 1307.201309.00 4.10 1310.00 1315.10 Dec 1217.00 1326.00 10,337 1317.60 1321.50 4.10 9000 March 72.52 7592 & 72.48 7523 73.50 74.10 72.75 4.20 May 73.90 3090 126,870 39.098 Feb 20 1327.00 1331.00 1327.30 1327.70 Palladium pe 50 toyot: $ per troy o March 1242.40 1245.40 &1250.00 het Ju 1226.20 1231.90 1216.10 Orange Juice CE-U5) 15,000 scans per Jan 121.20 122.00 121.15 121.95 123.75 324.80 122.05 12345 1240.20 1224.30 5.30 24,797 4.30 March 3313 Platinum -50 woyo per troy o 824.20 825 4082100 827.20 83650 & 82330 Jan Apr 261 818.40 -300 824.30 -2.90 85951 Interest Rate Futures Treasury Bonds (CT)$100.000 pes 22 of 100% March 140-230 147-170 Sever (CMD0-5.000 boy or: $ per t Jan 14-040 145-160 -120 045942 145-270-130 41 June 145-160 146-1014-00 troy o 15.750 15.750 A 15.750 March 15.000 15.80 15.400 Crude Oil, Light Sweet Feb 48.22 15.049-000 15.756 -0030 120 142316 M-1,000 bbs; 5 per 49.79 4811 48.52 -15 0.56 367 A00 2416 March 40 50.11 4.44 48.82 054 Ap Treasury Notes (BT) $100,000 ph 2nds of 100% March 122-060 122-150 121-290122015 -80 4,102.53 June 122-150 122-240 122-065 122-105 5 Y. Treasury Notes (cat)-$100,000 ps 32nd of 100% March 114-215 114-200 154 155 114-187 -55 4.000,715 2 Y. Treasury Notes (cam)-$200,000 ps 32nd of 100% March 106-05 105-05 106-010 106425 -27 2552. 191,308 30 Day Federal Funds (CRT)-$5.000.000 100-daily g 48.85 50.47 48.30 49.17 052 May 49.32 50.90 49.32 319,791 136,259 0.50 11549 229.25 49.60 June 45.79 50.04 51.33 A 4972 52.77 0.48 Dec $1.32 51.30 51.48 0.40 NY Harbor ULSD (NY)-42,000 gal: $ per gal Feb 17775 18245 17764 1.7784 Jan 97.500 7.600 97.598 97.594