10. Note the following contract specifications: CONTRACT UNIT Soybeans S&P Index Mini Live Cattle QUOTE UNITS 5K buc/bushel $50 x S&P Index 40,000lb S $50/point TIC SIZE MOS. ¹¼¢/bu= $12.50 25 index pts= $12.50 INITIAL MAINT MGN MGN Mar, May, Jul, $1,375 $1,250 Sep, Dec Feb-Apr, Jun, $5,500 $5,000 Aug. Dec Mar, c/lb $.00025/1b-$10 May, Jul, $2,090 $1,900 Sep, Dec Initial Price 1408'5 3659.75 147.85 What percent decrease in the value of the account would occur if EACH position DECLINED 4.2% (round price up to the nearest tic)?

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10. Note the following contract specifications:
CONTRACT UNIT
Soybeans
S&P Index
Mini
Live Cattle
QUOTE
UNITS
5K buc/bushel
$50 x
S&P $50/point
Index
40,000lb
S
TIC SIZE
¼¢ / by=
$12.50
25 index pts=
$12.50
MOS.
Mar,
May, Jul, $1,375 $1,250
Sep, Dec
Feb-Apr,
Jun,
INITIAL MAINT
Initial
MGN MGN Price
Aug.
Dec
$5,500 $5,000
Mar,
c/lb $.00025/1b-$10 May, Jul, $2,090 $1,900
Sep, Dec
1408'5
3659.75
147.85
What percent decrease in the value of the account would occur if EACH position DECLINED
4.2% (round price up to the nearest tic)?
Transcribed Image Text:10. Note the following contract specifications: CONTRACT UNIT Soybeans S&P Index Mini Live Cattle QUOTE UNITS 5K buc/bushel $50 x S&P $50/point Index 40,000lb S TIC SIZE ¼¢ / by= $12.50 25 index pts= $12.50 MOS. Mar, May, Jul, $1,375 $1,250 Sep, Dec Feb-Apr, Jun, INITIAL MAINT Initial MGN MGN Price Aug. Dec $5,500 $5,000 Mar, c/lb $.00025/1b-$10 May, Jul, $2,090 $1,900 Sep, Dec 1408'5 3659.75 147.85 What percent decrease in the value of the account would occur if EACH position DECLINED 4.2% (round price up to the nearest tic)?
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