Problem $17-5($Algo$)$

Required:

a$.$ Refer to Figure $17\mathrm{.}1$ and locate the E$-$Mini contract on the Standard & Poor's $500$ Index. If the margin requirement is $20\%$ of the

futures price times the multiplier of $$50,$ how much must you deposit with your broker to buy one March contract? $($Do not round

intermediate calculations.$)$

$\backslash$table$[[$Required margin,$$,12,186]]$

b$.$ If the March futures price increases to $3,106,$ what percentage return will you earn on your investment? $($Do not round intermediate

calculations. Round your answer to $2$ decimal places.$)$

Percentage return

$\%$

c$.$ If the March futures price falls by $2\mathrm{.}4\%,$ what is the percentage gain or loss on your investment? $($Input the amount as positive

value. Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

of

$\%$