Question III: The current value of an S\&R futures is $1000. You buy 50 futures on the S&R and the contract size is $500. The margin is settled on a weekly basis and the margin is 12.5% of the notional value. Margin calls are made as soon as the the margin is below 75% of the initial margin level. We assume that r=5%. Use an Excel spreadsheet to calculate the profit over the whole period for a) Futures and b) Forward contract. Question III: The current value of an S\&R futures is $1000. You buy 50 futures on the S&R and the contract size is $500. The margin is settled on a weekly basis and the margin is 12.5% of the notional value. Margin calls are made as soon as the the margin is below 75% of the initial margin level. We assume that r=5%. Use an Excel spreadsheet to calculate the profit over the whole period for a) Futures and b) Forward contract