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You BUY a futures contract with the characteristics below. Assuming the S&P500 contract suddenly RISES by 12.00 points, what is your profit or loss as a return on the initial margin? S&P500 e-mini contract Futures (FO) 2,646.000 Initial margin 5420 Maint margin 4610 O 9.68% O 11.07% O 10.15% 11.49% 10.61%

You BUY a futures contract with the characteristics below. Assuming the S&P500 contract suddenly RISES by 12.00 points, what is your profit or loss as a return on the initial margin? S&P500 e-mini contract Futures (FO) 2,646.000 Initial margin 5420 Maint margin 4610 O 9.68% O 11.07% O 10.15% 11.49% 10.61%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You BUY a futures contract with the characteristics below. Assuming the S&P500 contract suddenly RISES by 12.00 points, what is your profit or loss as a return on the initial margin? S&P500 e-mini contract Futures (FO) 2,646.000 Initial margin 5420 Maint margin 4610 O 9.68% O 11.07% 10.15% 11.49% O 10.61%
Transcribed Image Text:You BUY a futures contract with the characteristics below. Assuming the S&P500 contract suddenly RISES by 12.00 points, what is your profit or loss as a return on the initial margin? S&P500 e-mini contract Futures (FO) 2,646.000 Initial margin 5420 Maint margin 4610 O 9.68% O 11.07% 10.15% 11.49% O 10.61%
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