Required:

a$.$ Refer to Figure $17\mathrm{.}1$ and locate the E$-$Mini contract on the Standard & Poor's $500$ Index. If the margin requirement is $12\%$ of the futures price times the multiplier of $$50,$ how much must you deposit with your broker to buy one March contract? $($Do not round intermediate calculations.$)$

Required margin

b$.$ If the March futures price increases to $3,102,$ what percentage return will you earn on your investment? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Percentage retum

$\%$

c$.$ If the March futures price falls by $2\mathrm{.}2\%,$ what is the percentage gain or loss on your investment? $($Input the amount as positive value. Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

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