Question: Based on the information in Table 161 on page 417, what is the total value of an S&P 500 Index futures contract for December 2010?

Based on the information in Table 16–1 on page 417, what is the total value of an S&P 500 Index futures contract for December 2010? Use the settle price and the appropriate multiplier. Also, if the required margin is $28,125, what percent of the contract value does margin represent?

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