Suppose now is December 2018, you expect our local stock market will rise drastically in near future.

The following information is available to you: -

FTSE Bursa Malaysia KLCI (FBM KLCI) Spot = 1,675 points

1-month FBM KLCI Futures = 1,678 points

Futures contract multiplier = RM50

Initial margin = 10% of contract value

Variation margin = 70% of initial margin

(iii) Suppose that you close your position at Day 3 when FBM KLCI Futures rises to 1,690.5.

Compute your return in terms of value and percentage?