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Required:a . Refer to Figure 1 7 . 1 and locate the E - Mini contract on the Standard & Poors 5 0 0 Index.

Required:a. Refer to Figure 17.1 and locate the E-Mini contract on the Standard & Poors 500 Index. If the margin requirement is 24% of the futures price times the multiplier of $50, how much must you deposit with your broker to buy one December contract? (Do not round intermediate calculations.)

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