Refer to the Minl-S\&P contract in Assume the closing price for this day. a. If the margin requirement is 15% 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.) b. If the March futures price Increases to 2603.00 , 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 intermedlate calculations. Round your answer to 2 decimal places.) c. If the March futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus slgn. Do not round intermediate calculations. Round your answer to 2 decimal places.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Futures Contracts I wsJ.com/co } & \multicolumn{5}{|c|}{ Contract } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Open }} \\ \hline \multicolumn{7}{|c|}{ Metal \& Petroleum Futures } & & Open & High hi lo & low & Settle & & \\ \hline & & & & & & & \multicolumn{7}{|c|}{ Coffee (ICE-US)- 37,500 lbs;; cents per I } \\ \hline & Open & gh & low & Settle & Chg & interest & & 101.50 & 103.45 & & 102.75 & 1.15 & 127.138 \\ \hline \multirow{2}{*}{\multicolumn{7}{|c|}{ Copper-High (CMX)-25,000 lbs.; \$ per lb. }} & & 104.40 & 106.55 & & & & \\ \hline & & & & & & & \multicolumn{7}{|c|}{ Sugar-World (ICE-US)-112,000 lbs; cents per lb. } \\ \hline & 2.6445 & 26460 & 2.6410 & 2.6410 & -0.0105 & 1,756 & & & 12.67 & 11.94 & & .72 &, 00 \\ \hline \multirow{2}{*}{\multicolumn{7}{|c|}{ Gold (CMX)-100 troy oz; $ per troy oz. }} & & & 2.73 & & & & \\ \hline & & & & & & & \multicolumn{7}{|c|}{ Sugar-Domestic (ICE-US)-112,000 bs.; cents per lb. } \\ \hline Jan & & 1284.90 & & 1286.80 & 4.10 & 353 & Match & 25.40 & 25.40A & & & .04 & 2,7 \\ \hline & 1287.00 & 1297.00 & 1284.10 & & 4. & 02,11 & & 25.50 & 25.54 & & & & \\ \hline June & 1298.90 & 1309.00 & 1298.50 & 1302.90 & 4.20 & 43,689 & \multicolumn{7}{|c|}{ Cotton (ICE-US)-50,000 lbs.; cents per Ib } \\ \hline & 1310.00 & 1315.10 & 1307.80 & 1309.00 & 4,10 & 10,837 & & 72.52 & 73.92 & 72.48 & & 23 & 12 \\ \hline & & & 131 & & & 9 & & & & & & & \\ \hline Feb'20 & \begin{tabular}{l} 1327.90 \\ lum (NYM) \end{tabular} & \begin{aligned} 1331.00 \\ 150 troy \end{aligned} & \begin{tabular}{l} 132 \\ ;$p \end{tabular} & 132 & & 3,09 & \multicolumn{7}{|c|}{ Orange Juice (ICE-US) 15,000 lbs; cents per I } \\ \hline & 1242.40 & \begin{tabular}{l} 1249.40 \\ 1240 \end{tabular} & . 1230.80 & .20 & 5.8 & 4,79 & & & & & & & \\ \hline & 1226.20 & & 1216.10 & & 4.7 & 4,19 & & & & & & & \\ \hline \multicolumn{7}{|c|}{ Platinum (NYM)-50 troy oz; $ per troy oz. } & \multirow{3}{*}{\multicolumn{7}{|c|}{\begin{tabular}{l} Interest Rate Futures \\ Treasury Bonds (CBT)-\$100,000; pts 32nds of 100% \end{tabular}}} \\ \hline & 824.20 & 825.40 & 821.00 & 818.40 & 3.6 & 26 & & & & & & & \\ \hline & 827.20 & 836.50 & 823.30 & 8 & -2.90 & 5,9 & & 146230 & 147170 & & & & \\ \hline \multicolumn{7}{|c|}{ Silver (CMX)- 5,000 troy 0z;$ per troy oz. } & June & & 146190 & & & & \\ \hline \begin{tabular}{l} Jan \\ Marc \end{tabular} & \begin{tabular}{l} 15.750 \\ 15.800 \end{tabular} & \begin{tabular}{l} 15.750 \\ 15.880 \end{tabular} & \begin{tabular}{l} 15.750 \\ 15.680 \end{tabular} & \begin{tabular}{l} 15.669 \\ 15.756 \end{tabular} & \begin{tabular}{ll} -0 \\ -0 & 0 \end{tabular} & 82 & \multicolumn{7}{|c|}{ Treasury Notes (CBT)- $100,000; pts 32nds of 100%} \\ \hline \multicolumn{7}{|c|}{ Crude OII, Light Sweet (NYM)-1,000 bbls.; \$ per b. } & & 122060 & 122150 & 121290 & 122015 & & 258 \\ \hline & 4822 & 49.79 & 48.11 & 48.52 & 0.5 & 7,4 & & 122150 & 122240 & & & & \\ \hline & & 50.11 & . & & & & \multicolumn{7}{|c|}{5 Yr. Treasury Notes (CBT)- $100,000; pts 32nds of 100%} \\ \hline & & 50.47 & 48.8 & 4 & 0 & & & & & & & -5.5 & \\ \hline & & 50.90 & +9 & 4 & 0 & & \multicolumn{7}{|c|}{2 Yr. Treasury Notes (CBT)- $200,000; pts 32nds of 100%} \\ \hline & & 51.33 & . & 5 & 0. & & March & & 106065 & & & -2.7 & \\ \hline & 51.32 & 52.77 & 51.30 & 51.48 & 0.4 & 191,0010 & \multicolumn{7}{|c|}{30 Day Federal Funds (CBT)- $5,000,000; 100-daily avg. } \\ \hline \multicolumn{7}{|c|}{ NY Harbor ULSD (NYM)-42,000 gal:; \$ per gal. } & & & 97.600V & & & & \\ \hline Eol & & 1.8245 & 1.7764 & & & & April & 97.605 & 97.615 & 97.600 & 97,605 & -.005 & 310,713 \\ \hline & 91 & 60 & & 1.7714 & & & \\ \hline \multicolumn{7}{|c|}{ Gasoline-NY RBOB (NYM)-42,000 gal.; \$ per gal. } & & & & & & & \\ \hline Feb & 1.3585 & 1.3945 & 1.3389 & 1.3408 & - & 12 & 1 Mont & ith Libor ( & ICMEF-\$3,000, & 0,000 ; pts & & & \\ \hline & & 1.4080 & & & & & Jan & & & & 97.4 & .0075 & \\ \hline Natu & I Gas (NY & M) 10,000 & MMBtu & MMB & & & & & m0 & & & & \\ \hline Feb & 2932 & 2.994 & 2.9 & 204 & -.1 & & & & & & & & 268.38 \\ \hline & & & & & & & & & 9 & & & .0050 & \\ \hline & & & & & & & & & 97.34509 & 97.2 & & & \\ \hline & & 2. & 2.6 & 2.662 & & & D & 97.3650 & 97.4100 & 97.3250 & 97.3550 & -.0250 & 0,407 \\ \hline \begin{tabular}{l} July \\ Oct \end{tabular} & 2.710 & \begin{tabular}{l} 2.765 \\ 2.761 \end{tabular} & 2.698 & \begin{tabular}{l} 2.746 \\ 2.751 \end{tabular} & \begin{tabular}{l} -.007 \\ -.016 \end{tabular} & \begin{tabular}{r} 02,240 \\ 105,445 \end{tabular} & & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline oct & 2.710 & 2.761 & 2.698 & 2751 & -.016 & 105,445 & Cur & cy F & tures & & & & \\ \hline Aa & & & & & & & & & meFT & 0,00,1 & 1004 & & \\ \hline Ag & & & & & & & tan & 9228 & 9257 & 9211 & .9213 & -.0008 & 1.190 \\ \hline Corn 10 & (BT) 5,000 & bu; cents & per bu. & & & & March & 9272 & 9310 & 9247 & .9259 & -.0009 & 222,921 \\ \hline March & 382.25 & 384.00 & $31.75 & 382.25 & -.75 & 751,642 & Canad & Ian Dolla & ICME-C & CAD100,000 & $ per CAD & & \\ \hline July & 397.50 & 399.00 & 397.00 & 397.50 & -.75 & 242,635 & Jan & \begin{tabular}{r} .7479 \\ \end{tabular} & .7530 & .7479 & .7522 & .0054 & 723 \\ \hline Oats (C & BT) 5,000 & bu.; cents & per bu. & & & & March & .7484 & .7544 & A .7484 & .7533 & .0054 & 166,071 \\ \hline March & 279.50 & 280.25 & 276.50 & 279.50 & -.50 & 4,124 & British & Pound 1C & CME)-E62, &, 500;$ per \{ & & & \\ \hline May & 279.50 & & 274.00 & & -4.25 & 638 & Jan & 1.2747 & 1.2775 & 1.2729 & 1.2775 & .0031 & 2.616 \\ \hline Soybe & ans (CBT) & 5,000 bu; & cents per b & & & & March & 1.2780 & 1.2832 & A 1.2764 & 1.2815 & .0031 & 204,679 \\ \hline Jan & 909.50 & 915.75 & 909.50 & 912.25 & 2.75 & 3,422 & Swiss & Franc (C) & AE)-CHF 1 & 125,000;$p & r CHF & & \\ \hline March & 921.00 & 927.75 & 920.75 & 924.25 & 2. & 337,323 & March & 1.0206 & 1.0285 & 1.0200 & 1.0277 & .0071 & 66,727 \\ \hline Soybe & an Meal & CBT) 100t & ons.; $ per & & & & June & 1.0330 & 1.0369 & 1.0292 & 1.0368 & .0071 & 95 \\ \hline lan & 316.00 & 319.30 & 316.00 & 318.20 & 3.10 & 1,798 & Austra & llan Doll & ar (CME)- & AND 100,00 & : \$ per AUD & & \\ \hline March & 319.40 & 323.30 & 319.20 & 322.20 & & 193,399 & Jan & .7125 & .7150 & \. .7124 & & .0026 & 331 \\ \hline Soybe & an Oll (CB & m) 60,000 & bs; cents p & er b. & & & Feb & .7135 & .7148 & A .7135 & .7147 & .0026 & 680 \\ \hline Jan & 28.47 & 28.55 & 28.26 & 28.26 & -.15 & 972 & March & .7129 & .7158 & .7122 & .7150 & .0026 & 124,074 \\ \hline March & 28.70 & 28.80 & 28.47 & 28.51 & -13 & 219,566 & Apri! & .7144 & .7149 & A 7144 & .7153 & .0026 & 253 \\ \hline Rough & Rice (CB) & ) 2,000cw & t;; per cw & & & & June & .7133 & .7160 & A. 7133 & .7160 & .0027 & 651 \\ \hline March & 1048.00 & 1069.00 & 1048.00 & 1066.50 & 18. & 7,164 & Sept & .7147 & .7161 & A 7147 & .7169 & .0026 & 121 \\ \hline May & 1071.50 & 1083.50 & 1071.50 & 1082.50 & 18.50 & 102 & Mexica & Peso & ME)-MXN & N 500,000 & er MXN & & \\ \hline Wheat & (CB) 5,0 & 00 bu: cen & s per bu. & & & & March & .05107 & .05129 & .06084 & .05113 & .00014 & 161,111 \\ \hline March & 518.00 & 518.5 & 513.50 & 516.75 & -.25 & 229,028 & June & .04890 & .04906 & A. 04887 & .05035 & .00013 & 35 \\ \hline July & 530.50 & 530.50 & 525.50 & 527.00 & -2.50 & 76,657 & Euro of & MEF- 6125 & 5,000;$pe & ver & & & \\ \hline Wheat & (KC)-5,00 & 0 bu.; cents & per bu. & & & & lan & 1.1415 & 1.1488 & 1.1415 & 1.1486 & .0079 & 1,938 \\ \hline March & 506.25 & 507.2 & 500.50 & 503.00 & -3.00 & 182,341 & March & 1.1475 & 1.1551 & 1.1471 & 1.1547 & .0079 & 489,919 \\ \hline May & 517.50 & 518.75 & 512.00 & 514.50 & -3 & 55,722 & Ind & & & & & & \\ \hline Whe & (MPLS) 5 & 000 bu:; & nts per bu. & & & & & & & & & & \\ \hline March & 570.25 & 5 & 5 & 568.00 & -225 & 47 & Min & J Industr & lal Avera & age (CBD)- Is & index & & \\ \hline May & 575.50 & 577.25 & 570.75 & 573.25 & -2 & 13,1 & March & 23470 & 23668 & 123279 & 23512 & 117 & 72,535 \\ \hline Cattl & Feeder (C & CME) 50,00 & Olbs.; cent & per lb. & & & Dec & 23523 & 23686 & A 23350 & 23530 & 118 & 544 \\ \hline Jan & 144.600 & 146.325 & 144.200 & 146.000 & 1.100 & 8,483 & S\&P 5 & 00 Index & (CME) & 50 index & & & \\ \hline March & 142.150 & 144.425 & 142.000 & 143.900 & 1.075 & 25,193 & March & 2536.70 & 2567.00 & 2525.00 & 2550.60 & 19.30 & 39,216 \\ \hline Cattle- & Live icME & 40,000 & 1.; cents p & r b. & & & Mini S & QP 500 & CME) $50 & x index & & & \\ \hline Feb & 121.800 & 123.400 & 121.425 & 123 & 1. & 129 & March & 2537.25 & 2557.50 & 2523.25 & 2550.50 & 19.20 & 2,634,252 \\ \hline April & 123.850 & 125.375 & 123.500 & 125.075 & 1.075 & 15,863 & June & 2540.25 & 2571.25 & 2528.50 & 2555.00 & 19.40 & 27,554 \\ \hline Hogs-L & ean (CME & 40,000 & s.; cents pe & ilb. & & & Mini S & SP Midea & 400 & CME- $100x & index & & \\ \hline Feb & 61.950 & 62.150v & 61.250 & 61.900 & -.050 & 1 & March & 169000 & 1717.10 & \begin{tabular}{l} 1679.20 \\ 0 \end{tabular} & 1703.30 & 17.70 & 69,276 \\ \hline April & 66.700 & & 65.825 & 66.375 & -375 & 6 & Mini N & asdaq 10 & 0 (CME) & $201 & & & \\ \hline Lumbe & r (CME)-1 & 10,000bd. & ; $ per 1,0 & 00bd.ft. & & & March & 6451.3 & 6535.8 & 6402.5 & 6496.5 & 62.5 & 196,948 \\ \hline Jan & 326.20 & 326.20 & 323.00 & 324.80 & 1.20 & 3 & June & 6471.5 & 6557.0 & ^ 6427.0 & 6520.8 & 63.8 & 1,350 \\ \hline March & 332.20 & 333.00 & 328.00 & 330.80 & 90 & 2,724 & Mini R & ussell 20 & 100 (CME) & $50 inde & & & \\ \hline Milk (C) & ME)-200,0 & 100 lbs.; ce & its per lb. & & & & & 1384.40 & 1414.60 & 1375.80 & 0 & 24 & 465,350 \\ \hline tan & 14.16 & 14.26 v & 14.12 & 14.1 & -.1 & 4,3 & June & 1391.60 & 1417.90 & A 1386.80 & 1410.50 & 25.00 & 534 \\ \hline Feb & 14.72 & 14.73 & 14.55 & 14.57 & -.17 & 4,095 & Mini R & ussell 10 & 100 (CME) & $50 inde & & & \\ \hline Cocoa & (ICE-US)-1 & 0 metric to & 15; $ per to & & & & March & 140200 & 1418.90 & 1402.00 & 1409.80 & 10.70 & 7,664 \\ \hline March & 2,362 & 2,413 & 2,356 & 2,41 & 49 & 96,4 & U.S. D & ollar Inde & ex (ICEUS) & S) $1,000 & & & \\ \hline May & 2,396 & 2,449 & 2,394 & 2,447 & 49 & 51,809 & Ma & 95.71 & & 795.20 & 95.23 & -.52 & 57,402 \\ \hline & & & & & & & June & 9508 & 95.08 & > 94.75 & 94.74 & -.51 & 945 \\ \hline \end{tabular}