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The Orlando Inwestment Fund purchased a Dow Jones Mini Stock Index Futures contract that specified an index of 20,000. When the position was dosed out,

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The Orlando Inwestment Fund purchased a Dow Jones Mini Stock Index Futures contract that specified an index of 20,000. When the position was dosed out, the index specified by the futures contract was 29.000. Determine the profit or loss, ignoring transaction costs Contract is valued at SS times the index. The Orlando Investment Fund put up the required $5 390 margin to engage in this futuros contract. What was their return on investment considering they paid only the $5,300 margin requirement 16 2789

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