Refer to the Mini-S&P contract in Figure 22.1. Assume the closing price for this day. a. If the margin requirement is 26% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the September maturity contract? (Round your answer to 2 decimal places.) Required margin deposit b. If the September futures price were to increase to 2,088.70, what percentage return would you earn on your net investment if you entered the long side 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 September futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) 310 29 Futures Contracts ws.comycommodities Metal & Petroleum Futures Conrad Open High to low Cha Copper High CO 25.00 All 22263266 2.16521815-00385 3,553 2230 2240 2.1620 2 1835-00305 10885: Gold - 100 try : Sperry cz. Lily 134220 1/5580 i 1356.40 1910 20 Aaj 1345.0 1300.30 1350 135170 110 40,00 ci 1345.00 1863.50 134500 1312.20 19.10 32.17 13521D 1366.90 1345.70 1395.80 19.50 106705 Feb 17 1951.30 160.10 A 125130 1358.90 19:00 15,79% 1085.CD 1272.80 1253.30 1374030 3100 1252 Palladium 5 ori per Ang 09.00 A 200 -200 Spl 605.05 61740 55200 2.60 -2.00 21.12 609.65 61280 55806 -290 Matinum NY Stron: Sper tror Aly 1060 107250 115200 1072.00 1710 Odl 106200 107930195120 1026. 19 Ser 5.000 Sperry Aly 19755 21195 1966 19.06 0332 1.529 Sopt 19340 212254 15510 19.907 Crude On Light Sweet-1.000 ts; Serbi 11 25 46.60-70 5001 - 236 2018: 90.45 47.91 196636 Now 90.92 5120 49.51 48.51 -231 18.604 5159 51.75 43:01 49.07-221 244,771 Dec 12 5434 5440 519 NY Harbor ULSD (MM42.000 Aas 15174 15358 92,236 March 153 15444 12 1.4571 -067 56,430 Gasoline NYRDOBNYM42.00 Ang 1517615341 14151 18,778 Sagit 1571 15117 1.4013 -0757 Natural Gas NM10,00 Ang 2015 2915 2700 2 NA 212 Sept 2015 2014 21-22 26 Oci 290 2301 2.736 2.902 211 111436 35 2.955 187 65.205 2410 2472 22 1341 151 13210 March 3385 3795 Agriculture Futures Com CT-5050 24000 25000 2x 14.00 -100 396.25 356.50 7 3400 390.75 SEIN Oatsen.sporte 2080 208.50 205 25 216.00 192.00 192.75 19150 135 Soybews can 5.000 h.com per Aly 110.25 1150 111100 11170-15 112000 112000 12010712 - Soybean Meal (CBT)-100 to $perton Aly 399.20 0.20 38100 335.40 19.40 36 39150 39170 379.00 378.00 152.77 Soybean Cruiser Aly 310237 315 7101 17215 Rough Rice CBT) 2.000 percut Ally 1032.00 1036.00 12200 1021.50 -3.00 104760 000 Wheat CBT-5.000 1625 475 000 120 25 3450 41516 325 Thaam. Ally 39100 196.75 35500 02.00 7.75 Sepe 500.00 509.25 45175 508.25 325 27,512 Cuttle-Feeder CD Az 142535 144.475 125 70 144.075 165 24,74 Sept 16S 14350 125 150 10.30 Cattle-lhe CM 40.000 per Aaya ID 1225 111 112 1957 Oct 113 375 11475 111.130 114.000 64211 Hogs- Lean (CME-40.000 lbs, cans perib. 22.750 2.50 82.050-6 17601 83.251 - 0 Lumber 110.000 spel All 30850 317.50 316.30 17.50 3:20 554 Sept 315.10 325.00 322.80 780 MIRCHE) 200,000 per Aly 15.05 14 10 Aag 15.98 Cocoa 1 loes Sport Ally 2104 2.104 3.104 3.104 70 Sept 2010 70 91.001 Settle Og Collee 37.500 scents perib 545 60 14550 1400) 14420 -65 17 460 1441) 145.55 -35 9,796 Sugar World C-us-112.000 beses per O. 2110 2045 20.00 09 OSTN Mandy 17 205 2113 20.94 .10 210,447 Sugar Domnestk 245112.000, ens perto -16 2900 145 Colon US-9000 6290 12 49 68 65.21 150.00 Orange Juice E-US-15.00 beceris parib. 2500 125 A 185.00 5.90 5M 47720 185 00 A 1740 5.35 14,100 Interest Rate Futures Treasury Bonds 500.0pts of 100% 174.13 18110 1734 176-802-180 550,1402 172-991 174.370 173.14) 114 1202-190 RO Treasury Nates ($106.000 pes Bands of 100% Set 133.95 13315 133000 137285 260 2.797.302 12-200 100-20 103-20 133000 27.0 5. Treasury Notes ICT-500.000ps 2 of 100% Sex 222.075 172-185 123037 122155 -110 264419 2.Traury Notes $200 Eps of 100% 1210 106396 199 187 104277 25 2017 30 Day Federal Funds 56.000.000,00 99615616 99615 99.618-002 193832 99.625 .005 167,407 10 Y Del. Int. Pate Swags CT-S100,000 pk 32 of 100 136.790 100 168.49 1781 25579 1 Month Libor $7,000 pes of 1078 1999 450 4515 576 05 99.5300 995000 98.5.203 99.5375 8N Burodollar CNES 000 of 100% 9000 930 9500 99.9500-0100 1830 Seal 903500 3550 3050 3450 -0050 1198.22 DK202 91220 225 23200 0900 1414 Dx 17 95.1600 992150 96.1353 992050 - 0560 1178,421 Currency Futures Japanese Yen (CM) 12500 100 S 979 RI 9753 5171 0047 146,909 .0093 6.20 Canadian Dollar CAD 100,000 $ per CAD 7796 7612 7701 -0013 111.36 21 British Pound CEE250S 38 13351 1.3037- 216.30 Dec 1363013056 1.3029 1.3054-0234 1.575 Swiss Franc (CHECHF 125.000,5 per CHF 10001 10273 00: Australian Dollar ( CALDOC.CO. Sper AUD UM .841 - Mexican Peso CHEMIN 100.000 por 05226-00118 Bura CME)-E125,00. SIE 1.116511316 1.1012 1.1991 341630 452 Index Futures Mini India Average can xndia 177 17834 INS -14 102 177 1781 IN! 290 Mini S&P 500 CM 150 x Seat 2099.77 210475 2072.50 2062.70 -13.55 2964.09 2050 205 20640) 2004 10-1265 12.000 Mini S&P Midcap 400 CME3100 x Index Sel 1950 1901 70 14658) 1478.20 -18.50 79,900 DX DO O 136. 1472.00 - 18.50 11 Mini Node 100 CM 50X 44358 44525 4377.5 44040 197,346 4371.3 4396.5 322 MiniRune 2000 CUS100 x Se 115610 115510 1128) 1175.40 -1880 2 DK 1151211500 11499 1130.40 -1880 Mini Russel 1000 51001 Set 1952.10 115440 1148 1151.90 -& U.S. Doller lex I-US-S1000x 96 34 95.33 96.26 55 45,977 96.47 96.30 02 -21 273 Refer to the Mini-S&P contract in Figure 22.1. Assume the closing price for this day. a. If the margin requirement is 26% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the September maturity contract? (Round your answer to 2 decimal places.) Required margin deposit b. If the September futures price were to increase to 2,088.70, what percentage return would you earn on your net investment if you entered the long side 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 September futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) 310 29 Futures Contracts ws.comycommodities Metal & Petroleum Futures Conrad Open High to low Cha Copper High CO 25.00 All 22263266 2.16521815-00385 3,553 2230 2240 2.1620 2 1835-00305 10885: Gold - 100 try : Sperry cz. Lily 134220 1/5580 i 1356.40 1910 20 Aaj 1345.0 1300.30 1350 135170 110 40,00 ci 1345.00 1863.50 134500 1312.20 19.10 32.17 13521D 1366.90 1345.70 1395.80 19.50 106705 Feb 17 1951.30 160.10 A 125130 1358.90 19:00 15,79% 1085.CD 1272.80 1253.30 1374030 3100 1252 Palladium 5 ori per Ang 09.00 A 200 -200 Spl 605.05 61740 55200 2.60 -2.00 21.12 609.65 61280 55806 -290 Matinum NY Stron: Sper tror Aly 1060 107250 115200 1072.00 1710 Odl 106200 107930195120 1026. 19 Ser 5.000 Sperry Aly 19755 21195 1966 19.06 0332 1.529 Sopt 19340 212254 15510 19.907 Crude On Light Sweet-1.000 ts; Serbi 11 25 46.60-70 5001 - 236 2018: 90.45 47.91 196636 Now 90.92 5120 49.51 48.51 -231 18.604 5159 51.75 43:01 49.07-221 244,771 Dec 12 5434 5440 519 NY Harbor ULSD (MM42.000 Aas 15174 15358 92,236 March 153 15444 12 1.4571 -067 56,430 Gasoline NYRDOBNYM42.00 Ang 1517615341 14151 18,778 Sagit 1571 15117 1.4013 -0757 Natural Gas NM10,00 Ang 2015 2915 2700 2 NA 212 Sept 2015 2014 21-22 26 Oci 290 2301 2.736 2.902 211 111436 35 2.955 187 65.205 2410 2472 22 1341 151 13210 March 3385 3795 Agriculture Futures Com CT-5050 24000 25000 2x 14.00 -100 396.25 356.50 7 3400 390.75 SEIN Oatsen.sporte 2080 208.50 205 25 216.00 192.00 192.75 19150 135 Soybews can 5.000 h.com per Aly 110.25 1150 111100 11170-15 112000 112000 12010712 - Soybean Meal (CBT)-100 to $perton Aly 399.20 0.20 38100 335.40 19.40 36 39150 39170 379.00 378.00 152.77 Soybean Cruiser Aly 310237 315 7101 17215 Rough Rice CBT) 2.000 percut Ally 1032.00 1036.00 12200 1021.50 -3.00 104760 000 Wheat CBT-5.000 1625 475 000 120 25 3450 41516 325 Thaam. Ally 39100 196.75 35500 02.00 7.75 Sepe 500.00 509.25 45175 508.25 325 27,512 Cuttle-Feeder CD Az 142535 144.475 125 70 144.075 165 24,74 Sept 16S 14350 125 150 10.30 Cattle-lhe CM 40.000 per Aaya ID 1225 111 112 1957 Oct 113 375 11475 111.130 114.000 64211 Hogs- Lean (CME-40.000 lbs, cans perib. 22.750 2.50 82.050-6 17601 83.251 - 0 Lumber 110.000 spel All 30850 317.50 316.30 17.50 3:20 554 Sept 315.10 325.00 322.80 780 MIRCHE) 200,000 per Aly 15.05 14 10 Aag 15.98 Cocoa 1 loes Sport Ally 2104 2.104 3.104 3.104 70 Sept 2010 70 91.001 Settle Og Collee 37.500 scents perib 545 60 14550 1400) 14420 -65 17 460 1441) 145.55 -35 9,796 Sugar World C-us-112.000 beses per O. 2110 2045 20.00 09 OSTN Mandy 17 205 2113 20.94 .10 210,447 Sugar Domnestk 245112.000, ens perto -16 2900 145 Colon US-9000 6290 12 49 68 65.21 150.00 Orange Juice E-US-15.00 beceris parib. 2500 125 A 185.00 5.90 5M 47720 185 00 A 1740 5.35 14,100 Interest Rate Futures Treasury Bonds 500.0pts of 100% 174.13 18110 1734 176-802-180 550,1402 172-991 174.370 173.14) 114 1202-190 RO Treasury Nates ($106.000 pes Bands of 100% Set 133.95 13315 133000 137285 260 2.797.302 12-200 100-20 103-20 133000 27.0 5. Treasury Notes ICT-500.000ps 2 of 100% Sex 222.075 172-185 123037 122155 -110 264419 2.Traury Notes $200 Eps of 100% 1210 106396 199 187 104277 25 2017 30 Day Federal Funds 56.000.000,00 99615616 99615 99.618-002 193832 99.625 .005 167,407 10 Y Del. Int. Pate Swags CT-S100,000 pk 32 of 100 136.790 100 168.49 1781 25579 1 Month Libor $7,000 pes of 1078 1999 450 4515 576 05 99.5300 995000 98.5.203 99.5375 8N Burodollar CNES 000 of 100% 9000 930 9500 99.9500-0100 1830 Seal 903500 3550 3050 3450 -0050 1198.22 DK202 91220 225 23200 0900 1414 Dx 17 95.1600 992150 96.1353 992050 - 0560 1178,421 Currency Futures Japanese Yen (CM) 12500 100 S 979 RI 9753 5171 0047 146,909 .0093 6.20 Canadian Dollar CAD 100,000 $ per CAD 7796 7612 7701 -0013 111.36 21 British Pound CEE250S 38 13351 1.3037- 216.30 Dec 1363013056 1.3029 1.3054-0234 1.575 Swiss Franc (CHECHF 125.000,5 per CHF 10001 10273 00: Australian Dollar ( CALDOC.CO. Sper AUD UM .841 - Mexican Peso CHEMIN 100.000 por 05226-00118 Bura CME)-E125,00. SIE 1.116511316 1.1012 1.1991 341630 452 Index Futures Mini India Average can xndia 177 17834 INS -14 102 177 1781 IN! 290 Mini S&P 500 CM 150 x Seat 2099.77 210475 2072.50 2062.70 -13.55 2964.09 2050 205 20640) 2004 10-1265 12.000 Mini S&P Midcap 400 CME3100 x Index Sel 1950 1901 70 14658) 1478.20 -18.50 79,900 DX DO O 136. 1472.00 - 18.50 11 Mini Node 100 CM 50X 44358 44525 4377.5 44040 197,346 4371.3 4396.5 322 MiniRune 2000 CUS100 x Se 115610 115510 1128) 1175.40 -1880 2 DK 1151211500 11499 1130.40 -1880 Mini Russel 1000 51001 Set 1952.10 115440 1148 1151.90 -& U.S. Doller lex I-US-S1000x 96 34 95.33 96.26 55 45,977 96.47 96.30 02 -21 273