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The Thornton Hedge Fund purchased Nesdaq 100 Stock Index Futures that specified an index of 9200. When the position was closed out the index specified

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The Thornton Hedge Fund purchased Nesdaq 100 Stock Index Futures that specified an index of 9200. When the position was closed out the index specified by the futures contract was 0560 Determine the profit or loss, ignoring transaction costs. Contract is valued at $100 times the index The Thomton Hedge Fund put up the required $6.000 margin to engage in this futuros contract What was their return on investment considering they paid only the $6,000 margin requirement 70% TOON

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