Refer to the Mini-S&P contract in Figure 221. Assume the closing price for this day. a. If the margin requirement is 29% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the December maturity contract? (Round your answer to 2 decimal places.) Required margin deposit b. If the December futures price were to increase to 2,091.73, what percentage return would you earn on your net investment if you entered the long side of the contract at the price shown in the figure? (Do not round intermediate calculations. Round your answer to 2 decimal places.) % Percentage return on net investment c. If the December futures price falls by 1 % , what is your percentage return? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Percentage return on net investment Futures Contracts wsJ.com/commodities Contract Open Interost Sattle Open High hi lo low Chg Metal & Petroleum Futures Coffee (ICEUs)-37,500 bs; cents par lb. Open Interest Contract 144.20 145.55 July Sopt 143 00 144.10 137 99.385 Open High h lo low 145.60 145 60 147 20 -65 Sattle Chg 146.20 -85 Copper High (CM)-25,000 lbs; $ per Ib 2.2290 22455 22300 22480 Sugar-World (CE-us)-112,000 lbs; cents per lb. 21.10 21.13 July Sept 21615 2.1620 3552 108,854 2.1815-00335 Oct 2056 20.46 20 55 20.87 20.94 .09 10 475.726 210447 2.1835-00335 March'17 20.56 Gold (CMX)-100 troy oz.: $ per troy oz 1342 20 135680 134500 1360 30 1345 00 136350 1352.10 1366 90 Feb'17 1353.30 1369 10 1353 30 1365 00 137380 Palladium (NYM 50 troy oz: $ per troy oz. 609 00 609.00 609.00 617.40 609 65 612.80 Sugar-Domestic OCE-US) 112,000 lbs; cents por b 7825 2700 27.00 Cotton (ICE-US)-50,000 lbs; cents per lb 6792 July Aug Oct Dec 1339.70 19.70 19.70 19.70 19.80 19 90 20.00 2,070 440,422 37,171 106,265 15,796 12,523 1356.40 1338.50 1358.70 1345.00 1362.20 1365.80 1368.90 1374.30 Sopt Jan'17 28 05 28.05 26.65 28.25 27.00 -16 -38 1,480 1,416 1345.70 62.92 64 25 6292 July Dec 63.75 65.21 13 22 49 66.14 Orange Juice ICE-US-15,000 bs:cents per lb July 185.00 18765 185 00 177.20 18500 174 60 65.50 150,428 June 1357 30 186.65 183.60 5.80 535 579 Aug Sept Dec 609.85 602.65 603.35 -300 -300 -2.90 Sept 14,113 605.65 590.60 598 05 21,127 492 Interest Rate Futures Platinum (NYM)-50 troy oz; $ pertroy oz. 1064.60 1073.20 1062.00 1079.30 Siver (CM)-5,000 troy or: $ per troy oz 19.755 21095 19.625 19.840 21225 A 19610 Crude Oil, Light Sweet (NYM)-1,000 bbls: $ per bbl 4935 50.03 50.62 51.20 51.75 54.40 1052.00 1050 20 Treasury Bonds CBT)$100,000; pts 32nds of 100% July Oct 1072.00 1076.90 17.70 19.80 635 58.916 174-130 176-130 173-240 176-080 2-18.0 172-280 174-270 Sept June 559,142 82 172-140 174-120 2-19.0 Treasury Notes (CBT)-$100,000, pts 32nds of 100 % 133-095 133-315 133-000 132-200 133-020 132-200 133-000 5 Yr. Treasury Notes (CBT)-$100,000, pts 32nds of 100% Sept 1222-075 122-185 122-027 122-155 2 Yr. Treasury Notes (CBT)-$200,000, pts 32nds of 100% 109 197 30 Day Federal Funds (CBT)-$5,000,000, 100-daily avg July Sept 19.866 0.322 19.907 0319 1,989 159,362 26.0 2777302 27.0 2637 133-285 Sept Dec 49.11 49.90 50 45 50.92 51.59 54 24 Aug Sept Oct Nov Dec Dec17 46.33 4700 4761 4851 4907 51.94 46.60 2.39 47.29 236 47.91 418,068 282,684 106.633 108.604 2644,19 -11.0 -234 -231 48.51 49.07 52.27 109.227 109-210 109-235 Sept 25 1,081,786 -227 -1.82 244,771 140.180 July Aug 99615 99618 99.615 99.618 002 99,625 005 193,832 167,407 NY Harbor ULSD INYM)42,000 gal; $ per gal. Aug March 15343 1.5444 Gasoline-NY RBOB (NYM-42,000 gal: $ per gal Aug Sept 99 625 99.620 99.625 14456-0659 1.4673-0637 15174 15258 1.4333 1.4548 93.236 66,430 10 Yr. Del. Int. Rate Swaps (CBT)$100,000, pts 32nds of 100% Sept 108.750 108.875 108 469 108.781 1 Month Libor (CME)$3.000.000, pts of 100% 781 25,579 15176 15249 1.42870848 1,4413 0787 118,778 78.861 1.4157 14274 995450 995450 99.5300 995300 0025 0025 July Aug 99.5425 99.5300 Eurodollar (CME) $1.000,000 pts of 100 % 99.3500 99 3350 99.2950 99.1350 99.5375 99.5375 1,602 870 15223 1.5317 Natural Gas (NYM-10,000 MMBtu: $ per MMBtu Aug Sept Oct Nov Jan 17 March 212,803 216,642 111498 65,908 108.006 62,935 2915 2945 2944 2931 3.115 3.472 3.395 2,752 2,752 2.798 2946 3.327 3.268 2.764 223 -223 2.758 2.802 -211 2.955 -187 -151 3.341 3.284 -131 99 3600 993600 99.3500 993550 993100 99.3200 July Sept Dec Dec17 99.1600 992150 99.3500 0100 93450-0060 1.198.322 99.3200 99.2050 189,055 2915 2960 3065 3410 3335 0100 1,347476 -0560 1,178,481 Currency Futures Japanese Yen (CME12500,000, $ per 100W Sept Dec Canadian Dollar (CME-CAD 100,000: $ per CAD Sept Dec Agriculture Futures Corn (CBT)-5.000 bu; cents per bu July Sept Oats (CBT)5,000 bu: cents per bu 9769 9800 9881 9913 9750 9786 146.9090 620 9871 9905 0092 0093 348 00 350 00 33375 356 25 356 50 341.00 344.00 350.75 -9.00 -925 7,872 563.370 7795 7793 7746 7746 7682 7686 7701-0043 7702-0042 111561 3,681 Auly Dec Soybeans (CBT)-5,000 bu:cents per bu July 1120 00 1120.00 107350 1077 25-60.25 208.00 208 50 205 25 192.00 193.75 188.25 216.00 191.50 10.50 -1.25 108 5,695 British Pound (CME)-E62.500, 5 per 13351 13010 13330 13366 13029 Swiss Franc (CME-CHF 125,000: S per CHF 1.0307 1.0368 10271 Australian Dollar (CME) AUD 100.000, $ per ALUD 7527 7500 1.3285 Sept Dec 1.3037 0256 1.3054-0254 216,881 1,575 1150 25 1150 25 111000 1117.00-5175 5,672 428.587 May Soybean Meal (CBT-100 tons:$ per ton July Dec Soybean Oil (CBT)-60,000 lbs; cents per b July Dec Rough Rice (CBT)-2,000 cwt cents per cwt Sept 34888. 1.0273-0038 399 20 399 20 391.50 391.70 378.00 383.00 385.40-19.40 378 00-20 00 3,886 162.712 7441 7469 7433 7413 Sept Dec 7440-0023 7417 0023 71,326 1,053 Mexican Peso (CME)-MN 500,000, $ per MN Dec 31.03 3185 31.37 31.99 30.52 31.01 30.82 31.32 -21 -32 2,732 172.625 05333 Euro (CME)-E125,000, $ per 1.1165 1.1198 .05422 05330 05226-00118 242 Sept 1.1216 1.1254 1032.00 1036 00 1020.00 1028.50-800 1042 00 1054.00 1024.00 1031.00-14.00 1.1092 1.1131 1.1101 -0065 1.1140-0064 343.690 70 7.702 Sept Wheat ican 5.000 bcets nec hu Dec 4523 Janelos Fasturne Aug 2915 2945 2.764 212803 216,642 111,496 65.908 108.006 62,935 993600 993600 99.3500 993550 99.3100 993200 99.3500 993350 992950 99.1350 July Sept Dec Dec'17 99.1600 99.2150 99.35000100 189,055 99.3450 99.3200 99.2050 0550 1,178,481 Sept Oct Nov Jan 17 March 2.915 2.960 3.065 3.410 3335 2.944 2.931 3.115 3.472 3395 2.752 2.798 2946 3.327 3.268 2.758 2.802 2955 3.341 3.284 -223 -211 -187 -151 -131 0050 1,198,322 0100 1347476 Currency Futures Japanese Yen (CME)12,500,000; $ por 100X Sept Dec Agriculture Futures Com (CBT)-5,000 bu; cents por bu 348.00 350.00 333.75 356.25 356.50 341.00 Oats (CBT)5,000 bu; cents per bu 208.00 9769 9800 9881 9913 9750 9786 9871 9905 0092 0093 146,909 620 July Sopt 344.00 350.75 -9.00 -9.25 7,872 563,370 Canadian Dollar (CME) CAD 100,000; $ per CAD Sept Dec 7746 7746 7795 7793 7682 7686 7701 0043 7702 0042 111,561 3,681 July Dec 208 50 205.25 193.75 188.25 216.00 191.50 1050 -125 108 5,695 British Pound (CME)E62,500, $ per £ Sept Dec 192.00 13285 13351 13010 13366 13029 1.3037 0256 1.3054 0254 216.881 1,575 Soybeans (CBT)-5,000 bu; cents per bu. 1150.25 1150 25 1120.00 1120.00 Soybean Meal (CBT)-100 tors.; $ per ton. 399.20 391.70 13330 July May 1110.00 1117.00-51.75 1073 50 5,672 428,587 Swiss Franc (CME CHF 125,000; $ per CHF Sept Australian Dollar (CME)-AUD 100,000; $ per AUD Sept Dec 1077.25 60.25 1.027 1.0273 0038 34,888 1.0307 1.0368 July Dec 399.20 391,50 383.00 378.00 -19.40 385.40 3,886 162,712 7440 0023 7417 0023 7441 7527 7469 7500 7433 7413 71,326 1,053 378.00-20.00 Soybean Oil (CBT)-60,000 July Dec cents per lb. 30.82 31.32 Mexican Peso (CME)-MXN 500,000, $ par MXN Dec 31.37 31.85 31.99 Rough Rice (CBT)-2,000 cwt; cents per cwt 1032.00 1036.00 1042.00 1054.00 31.03 30.52 -21 -32 2,732 172,625 05226-00118 .05333 .05422 05330 242 31.01 Euro (CME)-E125,000, $ per 1.1165 1.1198 Sept Dec 1.1216 1.1254 1.1092 1.1131 1.1101-0065 1.1140 0064 343.690 4,523 July Sept 1020.00 1028.50 1024.00 -8.00 1031.0014.00 70 7,702 Wheat (CBT)-5,000 bu; cents per bu 416.25 418.25 405.00 430.25 434.50 415.75 Index Futures Mini DJ Industrial Average (CBT)-$5 x Index Sept 17880 17924 July Sept 419.50 433.50 3.25 776 249,335 3.25 17689 17601 17762 17668 -104 -104 103,682 290 Wheat (KC)-5,000 bu; cents per bu. 398.75 385.00 509.25 493.75 Dec 17807 Mini S&P 500 (CME)-$50 x Index 2099.75 2104.75 2089.50 2095.75 17780 391.00 500.00 July Sept 402.00 508.25 7.75 8.25 799 27,512 Sept Dec 2072.50 2064.00 2082.70-13.55 2,964,059 2074.10-13.65 Cattle-Feeder (CME)-50,000 lbs.; cents per lb 142.575 144.475 141.675 143.650 Cattle-Live (CME)-40,000 lbs.; cents per lb. 12,960 139.750 139.150 144.075 143.350 24,745 5,964 Aug Sept 1.625 1.650 Mini S&P Midcap 400 (CME)$100 x Index Sept Dec 1499.50 1503.70 1486.00 1486.00 1469.80 1486,00 1478.20 18.50 1472.0018.50 79,923 11 111.075 111,150 113.650 114.000 675 725 115,581 64,211 Aug Oct 113.050 114.225 113.375 114475 Mini Nasdag 100 (CME)$20 x Index 4451.5 4442 0 Mini Russell 2000 (aCE-US)-$100 x Index 1155.10 1155.10 1153.30 1153.30 1149.90 Mini Russell 1000 (ICE-US)-$100 x Index 1152.10 1154.40 1146.80 U.S. Doller Index (ICE-US)-$1,000 x Index 4438 8 Sept Dec 43775 43713 4404.0 4396.5 -29.3 -28.3 197,945 322 Hogs-Lean (CME)40,000 lbs; cents per lb. 83.650 84.825 4429.8 July Aug 82.050 83.250 -625 -700 17,601 93,143 82.750 83.950 81.950 82.175 Sept Dec 1135.40 18.80 1130.40-18.80 1128 90 329,992 933 Lumber (CME)-110,000 bd.ft; $ per1,000 bd. ft 308.50 317.50 325.00 306.30 July Sept 317.50 322.80 8.20 7.80 554 3,152 315.10 311.60 Sept 1151.90 -8.70 5,307 Milk (CME)-200,000 lbs.; cents per Ib. 15.08 15.98 July Aug 15.05 15.98 -10 -19 5,449 4,689 1489 15.59 14.97 15.70 Sept Dec 95.63 96.34 95.75 9634 95.38 9547 96.26 96.30 55 55 45,977 2,405 Cocoa (ICE-US)-10 metric tons; $ per ton. 3,104 3,104 3,069 3010 July Sept 3,104 2,984 3,104 3,065 70 70 24 91,001 Figure 22.1 Futures llstings Source: The Wall Street Journal, July 6, 2016. Reprinted by permission of The Wall Street Journal, O 2016 Dow Jones & Company, Inc. All Rights Reserved Worldwide.

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