Problem #3: The current value of an S&R futures is $1506.82. You buy 4 futures on the S&R and the contract size is $364.1 margin is settled on a weekly basis and the margin is 14% of the notional value. Margin calls are made as soon the margin is below 74% of the initial margin level. We assume that r = 1% and observe the following futu prices: Week 0 1 2 Futures Price $1506.82 $1554.95 $1424.52 (a) Calculate the additional margin payment at time 1. (b) Calculate the additional margin payment at time 2. (c) Calculate the profit of the forward after two weeks. (d) Calculate the profit of the future after two weeks. answer correct to 2 decimals Problem #3(a): 377286.54 Correct Answer: 0.00 Your Mark: 0/1 answer correct to 2 decimals Problem #3(b): 187453.02 Correct Answer: 119697.16 Your Mark: 0/1 answer correct to 2 decimals Problem #3(): 119828.80 Correct Answer: -119828.80 Your Mark: 0/0.5 answer correct to 2 decimals Problem #3(d): -120288.41 Correct Answer: -119815.32 Your Mark: 0/0.5 Problem #3: The current value of an S&R futures is $1506.82. You buy 4 futures on the S&R and the contract size is $364.1 margin is settled on a weekly basis and the margin is 14% of the notional value. Margin calls are made as soon the margin is below 74% of the initial margin level. We assume that r = 1% and observe the following futu prices: Week 0 1 2 Futures Price $1506.82 $1554.95 $1424.52 (a) Calculate the additional margin payment at time 1. (b) Calculate the additional margin payment at time 2. (c) Calculate the profit of the forward after two weeks. (d) Calculate the profit of the future after two weeks. answer correct to 2 decimals Problem #3(a): 377286.54 Correct Answer: 0.00 Your Mark: 0/1 answer correct to 2 decimals Problem #3(b): 187453.02 Correct Answer: 119697.16 Your Mark: 0/1 answer correct to 2 decimals Problem #3(): 119828.80 Correct Answer: -119828.80 Your Mark: 0/0.5 answer correct to 2 decimals Problem #3(d): -120288.41 Correct Answer: -119815.32 Your Mark: 0/0.5