Question: In problem 1, if the S&P Index futures contract goes up to $1,283.60, what will be the total dollar profit on the contract? What is

In problem 1, if the S&P Index futures contract goes up to $1,283.60, what will be the total dollar profit on the contract? What is the percent return on the initial margin? If this price change occurred over four months, what is the annualized return? (Multiply by 12/4.)

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