Refer to the Mini-S&P contract in Figure 22.1. Assume the closing price for this day. a. If the margin requirement is 24% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the June maturity contract? (Round your answer to the nearest whole dollar.) Answer is complete but not entirely correct. Required margin deposit $ 24.992 X b. If the June futures price increases to 2605.70, what percentage return will you earn on your 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 June 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 return on net investment % 1.15 FD May Futures Contracts I ws.com/commodities Contract Open Open High to low Settle Che interest Metal & Petroleum Futures Contract Open Coffee ICE-US) 37.500 lbs., cents perib Open High Nilo low Settle Chg interest March 101.50 103.45 A 10115 102.75 127,138 May 104.40 106.55 A 104.30 105.75 1.10 Copper High (COX-25,000 lbs.: $ per Ib Sugar World (ICEUS-112,000 sconto perib. Jan 26445 26460 2.6410 2.6410 -0.0105 1,756 March 11.95 12.67A 11.94 12.65 72 March 26500 26595 2.6315 389.955 2.6370-00105 138,618 May 12.04 12.73 A 12.03 12.72 70 188. 201 Gold CMX-100 troy : $ per troyes Sugar-Domestic (CEUS)-112.000 lbs. cents perib Jon 1284.90 1286.80 4.10 353 March 25.40 25.40 A 25.34 25.40 04 2.718 1287.00 1297.00 1284.10 1229.90 4.10 302,111 May 25.50 25.54 A 25.50 25.50 -01 2.455 June 1298.50 1309.00 1298.50 1302.90 43,699 Aug 1310.00 1315.10 4.10 1307.80 1309.00 10,807 Cotton (ICE-US)-50,000 lbs. cents per lb. Dec 1317.60 1326.80 4.10 1317.60 1321.50 9,830 March 72.52 73.92 72.48 72.75 23 126870 Feb 20 1327.50 1331.00 1327.30 1327.70 May 3,090 73.99 75.23 A 73.92 16 74.10 Palladium (NYM 50 tray, $ per troy Orange Juice ICE-515,000 lbs. cents perib March 1242.40 1249.40 A 1230.80 1240.20 5.80 24,797 121.20 122.00 121.15 121.95 65 582 June March 123.75 124.80 1216.10 1224.30 1226.20 1231.90 4.70 122.85 55 14103 123.85 3,313 Platinum (NYM)-50 troy oz.: $ per troy 02 Jan 824.20 825.40 A 821.00 Interest Rate Futures 818.40 -360 251 April 827.20 836,50 A $23.30 824.30 -2.50 85,951 Treasury Bonds (CBT)-$100,000: pts 32 of 100% Silver CMX)-5.000 troy oz; $ per troy March 146-230 147-170 146-040 146-160 -120 94992 15.750 June 146-160 146-150 -130 145-300 145-270 61 15.750 15.750 15.669 -0.025 March 15.800 15.880 15.680 15.756 -0.030 142,916 Treasury Notes (CBT) $100,000 ps 32nds of 100% Crude Oil, Light Sweet NYM-1.000 bols:S perbibl. March 122-060 122-150 121-290122015 -80 4.102.53 Feb 482249.79 4811 48.52 0.56 June 122-150 122-240 367,400 122-065 122-105 2418 -75 March 48.49 5011 A 48.44 48.82 054 319,791 5 Yt. Treasury Notes (GBT) $100.000 pts 32ncs of 100% April 48.85 50.47 48.80 49.17 0.52 136,250 March 114-215 114-280 114-155 114-187 -55 4.590.715 49.32 50,90 49.32 49.60 050 115,849 2 Yr. Treasury Notes (CBT)-$200.000, pts 32nds of 100% June 49.79 51.33 A 49.72 50.04 0.48 229.259 March 105-045 105-06 106-010 106-025 -2.7 2.552.98 Dec 5132 52.77 51.30 51.45 0.40 191308 30 Day Federal Funds (CBT)-$5,000,000, 100 dalyvg. NY Harbor ULSD NYH-42.000 gal: 5 pergal Jon 97.000 97.600 97.598 97,596-002 317.562 Feb 1.7775 1.8245 A 1.7764 1.7784 000 109,341 April 97.606 97615 97.600 97.605 -005 310713 March 17691 18160 A 1.7690 1.7714 0104 73.598 10 Y. Del. Int. Rate Swaps (CBT) $100.000 pes 32nds of 100% Gasoline NY RBOB (NYMH-42,000 gal: $ per al March 102.766 102.797 102.297 102.391 - 219 27.28 Feb 1.358513945 1.3389 13408-0070 120,56 1 Month Libor (CME) $3,000,000, pts of 100% March 13716 14080 1.3524 13541-0077 88.591 974875 0075 535 Natural Gas (NYM)-10,000 MMB: Sper Me Feb Eurodollar (CME)-51,000,000, pts of 100% 2952 2.994 2.910 2.944 -100 174,258 97.2300 97.2375 91.2250 97.2300 0050 March 2812 2.886 258.383 2.793 2.847 -058 270,970 March 97.2850 97.3150 97.2850 97.3000 0050 1.429.121 April 2.650 2708 2.640 2.677 -011 108,613 June 97.3050 97,3450 97.2900973150 May 2637 2.687 2.625 L252.674 2.662-002 132,474 2.718 2.765 97.3650 974100 797.3250 97.3550 -0250 1.740,407 2.700 2.746 -.007 62,540 Oct 2710 2.761 2698 2.751 -016 105445 Currency Futures Agriculture Futures Japanese Yen (CHE) *12.500.000 $ per 1004 9228 9257 9211 9213-0008 1.190 Com CBT) 5,000 bucents per bu March 9272 9310 .9247 9259 -0009 222.921 March 382.25 384.00 A 381.75 382.25 -75 751642 July 397.50 399.00 A 397.00 397.50 -75 242,635 Canadian Dollar (CME-CAD 100.000 $ per CAD .7479 7530 7479 7522 0054 723 Oats (CBT) 5,000 bucents per bu. March 7484 75447484 7533 0054 166.071 March 279.50 280.25 276.50 279.50 - 50 4,124 May 279.50 279.50 274.00 276.00 British Pound (CME) 62,500$ perf Jan 1.2747 1.2775 A 12729 12775 0031 2616 Soybeans (CBT) 5,000 bu, cents per bu March 1.2780 1.2832 A 1.2764 1.2815 0031 204670 909.50 915.75 A 509.50 912.25 2.75 3,422 Swiss Franc (CME) CHF 125.000, $ per CHF March 921.00 527.75 A 520.75 924.25 2.75 337,323 March 1.0206 1.0265 A 1.0200 1.0277 0071 56.722 Soybean Meal (CET)-100 tons: $ perton June 1.033010360 A 10292 1.0368 0071 95 Jan 316.00 319.30 A 316.00 318.20 3.10 1,798 March 319.40 323,30 A 319.20 322.20 3.20 193.399 Australian Dollar (CHE-AUD 100,000: S per AUD Jan 7125 71507124 7143 0025 331 Soybean Oil (CBT)-60,000 lbs, cents per lb. Feb .7135 .7148 7135 3147 690 28.47 28.55 A 28.20 28.26 -.15 972 March .7158 A7122 7150 0026 124074 March 28.80 28.47 28.51 - 13 219,566 April .7144 .7149 A 7144 7153 0025 253 Rough Rice CBT-2,000 wt: 5 percnt. une 71607133 0027 651 March 1048.00 1069.00 A 108.00 1056.50 18.50 7,154 Sept .7147 7161 .7147 J169 121 May 1071.50 1063.50 A 107.50 1082.50 18.50 102 Mexican Peso (CHE)-MXN 500,000; Sper MXON Wheat (CBT) 5.000 bu: cents per bu March 15107 05129 A05084 0511300014 161111 March 518.00 518.50 513.50 516.75 - 25 229,028 June 0989004906 04887 0503500013 35 July 53050530.50 525.50 527.00 -250 76,657 Euro CME 125.000 per Wheat (KC) 5,000 bucents per bu. 1.1415 1.1488 1.1415 1.1486 0079 1938 March 506 25 507.25 500.50 503.00 182,341 March 1.1475 1.1551 1.1471 1.1547 0079 489.910 May 517 50 518.75 512.00 514.50 -300 55,722 Wheat MPLS) 5,000 bucents per bu Index Futures March 570 25 572.00 565.50 568.00 -225 33.947 Mini DJ Industrial Average (CBT)-55 X index May 575.50 577.25 570.75 573.25 --225 13,177 March 23470 23668 23279 23512 72.535 Cattle Feeder (CME) 50,000 lbs.,cents per b Dec 23523 23686 A 23350 23530 118 544 Jan 144.600 146.325 144.200 146.000 1.100 8,483 S&P 500 Index (CHE) $250 x index March 142.150 144.425 142.000 143.900 1.075 25,193 March 2536 70 2567.00 A 2525.00 2550.60 19.30 39.216 Cattle-Live CHE-40.000 lbs.: cents perb Mini S&P 500 CME)-550 x index Feb 121.800 123.400 121.425 123.200 1.275 129,414 March 2537 25 2567.50 A 252325 2550.50 19 20 2.634252 April 123.850 125.375 122.500 125.075 1.075 115,953 June 2540 25 2571.25 A 2528.50 2555.00 19.40 27.554 Hogs-Lean (CHE-40,000 lbs.: cents per b. Mini S&P Midcap 400 CME-5100 X index Feb 61.950 62.150 61.250 61.900 - 050 79,843 March 1690.00 1717.10 A 1679.20 1703.30 1770 59.276 April 66.700 66.900 65.825 66.375 - 375 60,839 Mini Nasdaq 100 (CHE520 x index Lumber (CMO)-110,000 bdit: 5 per 1,000 t March 6451.3 65358 A 6402.5 6496.5 625 1964 Jan 326 20 326 20 323.00 324.80 1.20 398 June 6471.5 65570 A 6427.0 6520.8 1.350 March 332.20 333.00 328.00 200.80 90 2.724 Mini Russell 2000 (CHE) 350 x index Milk CME) 200,000 lbs.:cents per March 138440 1414.60 A 1375.80 1405.90 2430 155.750 14.16 14.26 14.12 14.14 4,301 June Feb 1991.60 1417.90 A 1386.80 1410.50 25.00 534 14.72 1473 14.55 14.57 -17 4,095 Mini Russell 1000 (CHE-350 x Index Cocoa (ICEUS)-10 nebitors: $ perton March 1402.00 1418.90 y 1402.00 1409.80 10.70 7664 March 2302 2413 2.356 2.410 49 96,443 U.S. Dollar Index (CEUS $1,000 X index May 2.395 2.449 2.394 2.447 51,909 March 95.71 95.73 96.20 95.23 -52 57.402 95.08 y 94.75 94.74 -51 7130 3160 117 4