You buy 6 December futures contracts when the futures price is $202 per unit. Each contract is on 1000 units, the initial margin per contract is $2,000 and the maintenance margin per contract is $1,500. At the end of the day the futures settlement price is $201.50 per unit. What is the balance in your margin account at the end of the day? a. -$3,000 b. $12,000 c. $9,000
You buy 6 December futures contracts when the futures price is $202 per unit. Each contract is on 1000 units, the initial margin per contract is $2,000 and the maintenance margin per contract is $1,500. At the end of the day the futures settlement price is $201.50 per unit. What is the balance in your margin account at the end of the day? a. -$3,000 b. $12,000 c. $9,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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