Design Layout References Malings Review View 12 A A AA A 11 ACADCanal Cal Alba Alba AMI For questions 24-25 Currently, September corn futures contracts are priced at $2.80 per bushel. One contract equals 5,000 bushels. Your broker requires an initial margin of 5 percent on futures contracts. 24) How much must you deposit in a margin account if you wish to purchase (i.e., go long) 3 contracts? a) S 250 b) S 700 c) $ 750 d) $1,500 e) $2,100 25) Suppose the contract expires at a price of $2.90 per bushel. Disregarding transaction costs, what is your percentage return? a) 1.79% b) 23.81% c) 35.71% d) 71.43% e) none of the above English Steel DI 10 23 1 FE % ! $ 4 8 7 8 9 3 5 2 W E U 20 Y F H G J K D S A > W B N M C