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Suppose that the value of the S&P 500 stock index is 1174. a. If each E-mini futures contract (with a contract multiplier of $50) costs

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Suppose that the value of the S&P 500 stock index is 1174. a. If each E-mini futures contract (with a contract multiplier of $50) costs $31 to trade with a discount broker, how much is the transaction cost per dollar of stock controlled by the futures contract? (Round your answer to 5 decimal places.) Transaction cost per dollar b. If the average price of a share on the NYSE is about $46, how much is the transaction cost per "typical share" controlled by one tutures contract? (Round your answer to 5 decimal places.) Transaction cost per share c. For small investors, a typical transaction cost per share in stocks directly is about 21 cents per share. How many times the transactions costs in futures markets is this? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) Number of times

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