2 Sove & Exit Submit 9. Vave: 10.00 points The margin requirement on the S&P 500 futures contract is 16%, and the stock index is currently 1,300. Each contract has a multiplier of $250. a. How much margin must be put up for each contract sold? Margin $ b. If the futures price falls by 1% to 1,287, what will happen to the margin account of an investor who holds one contract? (Input the amount as a positive value.) Margin account (Click to select) by s C-1. What will be the investor's percentage return based on the amount put up as margin? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Percentage return C-2. What would be the current cash balance in the margin account? Cash balance References eBook & Resources Worksheet Leaming Objective: 17-01 Calculate the profit on futures positions as a function of current and eventual futures prices