Speculation Exercise Investor Buys to Opens two (2) S&P 500 Index Futures Contract @ $3,050. Contract is due June 19, 2020. At the end of first day of trading after the contract is opened, the S&P 500 Index falls $3. The new Market Price of the June contract is now $3,047. Questions: What is the amount of collateral needed for the initial Margin Requirement? Assume 10% of the Notional Value of the Contracts. What is the Notional Value of the Contracts at the end of the first trading day? Has the Buyers Investment Profited or Lost value after the first day of trading? How much? Speculation Exercise Investor Buys to Opens two (2) S&P 500 Index Futures Contract @ $3,050. Contract is due June 19, 2020. At the end of first day of trading after the contract is opened, the S&P 500 Index falls $3. The new Market Price of the June contract is now $3,047. Questions: What is the amount of collateral needed for the initial Margin Requirement? Assume 10% of the Notional Value of the Contracts. What is the Notional Value of the Contracts at the end of the first trading day? Has the Buyers Investment Profited or Lost value after the first day of trading? How much