Assume That an Investor Buys One June NYSE Composite Index

question 4

Essay

Assume that an investor buys one June NYSE Composite Index Futures Contract on May 1 at a price of 72.The position is closed out after four days.The prices on the three days after purchase were 72.5,72.1 and 72.2.The initial margin is $3500.
(a)Calculate the current equity on each of the next three days.
(b)Calculate the excess equity for those three days.
(c)Calculate the final gain or loss on this position.

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Definitions:

Hair Cells

Sensory cells located in the inner ear that are responsible for converting sound vibrations into neural signals.

Central Hearing Impairment

A type of hearing loss where the problem lies in the central nervous system, affecting the processing of sound signals to the brain.

Conduction Hearing Impairment

A form of hearing loss where sound waves are unable to efficiently travel through the external ear canal to the eardrum and ossicles of the middle ear.

Nerve Hearing Impairment

A type of hearing loss resulting from damage to the auditory nerve, affecting the transmission of sound signals to the brain.