Refer to the Mini-S&P contract in Figure 22.1. Assume the closing price for this day. a. If the margin requirement is 29% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the March maturity contract? (Round your answer to the nearest whole dollar.) Required margin deposit b. If the March futures price increases to 2601.70, what percentage return will you earn on your investment if you entered the long sic 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 March 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 retum on net investment % 27 Futures Contracts I wsi.com/commodities Metal & Petroleum Futures Contac Ope High N thy Copper High ca 25.000 Jan 26445 2600 250 25 2540-5 24370-00 March Geld ca 100 p J 1700 1299 Tel 129100 120 Me 129 130 129 DREN Ay 1 135000 1315-10 131760 17640 O 1321.30 20142790 Palladom pri March 12 Platum omne Apt Severa Jan March Crude Oil, Light N Mach Ap M 128.20 S T NA RESS w 047 ONE 50% Waz SACHE ANCE 10,000 p SESIS OF NOW Y www tes LYSE 230 2413 2300 2449 2314 234 IN IN INV AM 4.20 AM 450 420 OWN 1240 1224. ** 140 Cam. 82430 -DOO WOD WESE Sp 452 9:56 4882 054 4.11 052 460 050 MA 300 45.12 30.04 104 NY Harbor USD amed Spe 0904 Mich Gasoline 106 0000 120,254 Mach 135/4 13541-007 Natural Gas Feb 292 29 March 2835 2910 2544 -50 17025 2943 2047-05 270370 Apr 2640 2671-011 148403 May 1800 2.00 2830 204) 2835 My 2316 2745 200 of 2.062 -002 2746 -007 (254) 2290 2000 2351 -CH Agriculture Futures Con 5000 com per bu Mach 1022 300 38125 362.25 7531642 297.50 -35 242.435 MY 3750300 Outs (0)5.000 bot March 2005 May 27150 279.50 -50 4,124 276.00 -4.25 43 250 250 27400 Soybeans ca 5000 bucem pr Jan 90950 91225 2.25 March 2100 9273510075 124.25 Soybean Meal (T-100 3473 235 330,323 pro 3.12 18 Jan 31000 3300 318.20 March 31340 323303820 322:20 Soybean Oll (m) 40,000 3.20 19029 2047 2015 2624 28.26 -35 472 Jan March 28.51 -11 21500 Rough Rice en 2000 pert Man 1048 00 100 1850 May 307150 10350 10150 108250 150 Wheat ca 5000 per bu March $15.00 SERSO 54350 11675 -21 20 Jay 5305053050 $25,50 127.00-250 Wheat 05.000 b Mac May 103.00-300 110341 $14.50-300 15,722 0625 50225 5050 517.50 51875 51200 Wheat PLS)5.000 March 55 57200 50550 508.00-225 31 May 57550 $7.25 $70.75 57225-225 11,177 Cattle Feeder (CM) 50.000 Bc per b Jan 144.600 146 325144200 146.000 1.100 840 March 142.150 144425 142000 143900 1075 21,3 Cattle Live 0-40.000 bsc per t Feb 12100 122.400 121 405 123.200 1215 129414 Ap121850 125.375 125500 125.075 1015 115M3 Hogs Lean (CM) 40,000 pr $1,250 41.900 -060 79343 5.25 64.375 -315 10x79 Feb $1.500 2.150 Apr $6.700 56.000 Lumber (CMG-110,000 bp 1000bd 300 Jan 2062032430 32100 32430 1.30 March 3122031100 308.00 130.00 NO 2724 Milk) 200,000 per Jan 4391 Ane 14.15 1426 1472 147) 1412 14.14 -31 1455 76 14.57 Cocoa CE-10metic to per tot 2410 March May 2,447 41 IKO 2000 Op 1296 FRAN in SCH HEDE www *** onre ww HOC FICE 254 MM izme 31979 136259 1154 279259 101.201 100341 DOW HOLE NOVODS PWX www SATY wwww. 96,443 $1,309 Open High Coffee pc US 37.500 March May Super World - 112000 Mach May 1204 Sugar Domestic pc42000 perk Mack 254 254 253 2550 2554 25.50 May Cotton 50,000 725 350 May 759 2525 Orange Juice E-15,000 1212 122.00 w WE way Contact Sette 301 15 102.75 104.40 365510430 105.95 M 95101 MO HI YAO W 724 72.M TI 36.10 12195 123.25 Min 35 SEME Interest Rate Futures Treasury Bands $100.000 ps 22nd of 100% 1230141-370 14000 145-160 -120 MUKE -120 how 145-140 145 150 160 165-20 Treasury Notes $100.000 pes 22nds of Man -80 AMEM 1220 122 156 15-20 122015 127-150 222 22-015 122-105 -35 SY Treasury Notes to $100,000 ps 32nds of 100% March 1142 114200 14-155 14 2 Y Treasury Notes arts-1200.000 ps 22 MAC 100-05 106-05 106-0101566 30 Day Federal Funds ) $5.000.000 100-day -55 4375 of 100% -27 20 $400 37606 SYSM102542 $7.000 $7.00 005 31670 Apr 10 Yr. Del. let. Rate Swaps $100.000 100% 102 766 0279722 100.391 -299 21.30 1 Month Libor (C) $1.000.000 100% STATS Ja 175 Eurodollar $1.000.000 100% J 972300 $7287572250972300 2050 200 Mach 3720 523150 250 $7.3000 000121 Je $7350 $73450572900 97.3156 USLAN Dec $7.3050 57410053250 973550 - UNL Currency Futures Japanese Yen 12.500.000 $p 100 305 3011 Jan 22 March 1272 3110 8247 3213-00 LIM 325-000 222821 Canadian Dollar CAD 100.000 $ per CAD 205 323 3500 309 7522 0054 March 3404 7541 3404 7101 Betish Pound 2.500 per Jan 1274 125 12729 March 12700 1283212754 Swiss Franc CHF 125,000 $per CF March 110011000 12775 2001 12015 anst 254879 18217 2671 Je 100 100 1022 TANE Australian Dollar (CMB)-AUD 100.000 $ per AUD 112.5 124.00 12205 av sis Yo March Apr Ane Sept 1147 71613147 102 Mexican Peso (CON 500 000 $ March 0000529 9504 Ane Euro 04505 M125.000 1.3675 Index Futures MDJindustrial Average ) March 2342 23523 S&P 500 Indes M Mach 256.70 250 Mini S&P 500 (CM) 150x 23279 23350 Mar 255 2561 50252325 25050 Je 254025 257125252450 255.00 Mini S&P Midcap 400 x Math 10000 1717.07.20170830 Mini Nasdeg 100 g 20 4553 Man 64005 64063 he 14715 to 44270 41208 Mini Russell 2000 M)0x March 130440 14400030530 140 130150 1420 143030 Mini Russell 1000 M March 14000 140 140200 1400 US Dollar Indes C-1000 5630 15.21 March 95.71 96.73 June 15.00 95.00 14.75 1424 12.75 120 12.72 30 Oper 127.08 4000 12.45 22 MEMS 2540 34 2718 25.50 61 24055 OLAN wi Y 199 me SELE ONE THE A INTELY to ww 52 RR 35 GR OBLE 7166 MON 05113 DAR 05035 (1415 1.34 1.3671 it 125 2150 A 2124 2143 2005 315 31 2015 ne 3025 71257158122 314 3140 2140 3150 COMUN 134174 3153 250 LIDE 1:200 1.200 MAT NOW LOW MUZ dew S 331 e MU 2074 LAN ARE SIG 2012 117 20130 544 255040 16:30 36216 15202630252 625 YMME Le 2430 2500 154 2804 www
