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  3. a. refer to figure 17.1 (attached) and locate the

a. Refer to Figure 17.1 (ATTACHED) and locate the E-Mini contract on the Standard &...

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Accounting

a. Refer to Figure 17.1 (ATTACHED) and locate the E-Mini contract on the Standard & Poors 500 Index. If the margin requirement is 18% of the futures price times the multiplier of $50, how much must you deposit with your broker to buy one December contract? (Do not round intermediate calculations.) Required Margin ________

b. If the December futures price increases to 3,116, what percentage return will you earn on your investment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Percentage Return ________%

c. If the December futures price falls by 1.8%, what is the percentage gain or loss on your investment? (Input the amount as positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) Percentage ________ (gain or loss) of _________%

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