1. Q1.WhatinformationdowediscoverwhenwelookattheJune16S&P500futurespriceandtheSept16S&P500futuresprice?Explainindetail.

Q2.You have a stock index portfolio with a beta of 1.0 and a market value of $10,000,000. If you sell $10,000,000 nominal value of S&P 500 futures contracts, what is the return of the combined stock and stock index futures contract? What have you done to the original $10,000,000 stock market position?

Q3.Why does a full carry model apply so well to the US treasury bond and S&P 500 contracts? Explain in detail.

Q4. Are commodities a separate asset class? Explain.

(Dear tutor, all of these answers of my Futures Market Finance class should be not a three line short answer but a bit broad answer in essay format, explaining in details. Relevant equations and graphs of Futures are welcomed to aid explanation.Thank you )