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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The Answer of 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.

Assume That an Investor Buys One June NYSE Composite Index