11/7/2014 1. Assignment Print View award:00 points On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843. The...

11/7/2014 Assignment Print View http://ezto.mheducation.com/hm.tpx 1/3 1 . award: 10.00 points 2 . award: 10.00 points On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions. After Monday's close the balance on your margin account will be ________. $2,700 $2,262.50 $2,000 $3,137.50 Multiple Choice Difficulty: 2 Medium Learning Objective: 17-01 Calculate the profit on futures positions as a function of current and eventual futures prices. On January 1, you sold one M arch m aturity S&P 500 Index futures contract at a futures price of 900. If the futures price is 1,000 on February 1, what is your profit or loss? The contract m ultiplier is $250. (Input the am ount as positive value.) (Click to select) $ W orksheet Difficulty: Basic Learning Objective: 17-01 Calculate the profit on futures positions as a function of current and 11/7/2014 Assignment Print View http://ezto.mheducation.com/hm.tpx 2/3 3 . award: 10.00 points 4 . award: 10.00 points eventual futures prices. On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions. At the close of day on Tuesday your cumulative rate of return on your investment is _____. -.16% -5.8% -2.2% 16.2% Multiple Choice Difficulty: 2 Medium Learning Objective: 17-01 Calculate the profit on futures positions as a function of current and eventual futures prices. The current level of the S&P 500 is 1,500. The dividend yield on the S&P 500 is 1.8% . The risk-free interest rate is 1.0% . W hat should a futures contract with a one-year m aturity be selling for? (Do not round interm ediate calculations.) Futures price $ W orksheet Difficulty: Basic Learning Objective: 17-03 Compute the futures price appropriate to a given price on the underlying asset. 11/7/2014 Assignment Print View http://ezto.mheducation.com/hm.tpx 3/3