## [answered] 1.) On Nov. 28, 2016, the nearby S&amp;amp;P 500 contra

1.) On Nov. 28, 2016, the nearby S&amp;P 500 contract closed at 2200.80.
What was the total value represented by one S&amp;P contract as of the
day of that close?

2.) Assume that in two weeks, the contract closes at 2250. What would be
the dollar amount of your profit or loss?
3.) Currently, the initial margin requirement for an S&amp;P futures contract is
\$28,125, and the maintenance margin requirement is \$22,500.
Given the profit you found in part c, calculate your percentage profit on
requirement).
4.) Assume now that the trade went against you, i.e., the price of the
contract goes down instead of up. At what contract price would you
have gotten a margin call? Explain. How much additional margin will
you need to deposit in your account?
Explain.

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