logo

Crowdly

You sell one December futures contracts when the futures price is $1,010 per uni...

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price rises to $1,012 per unit. What is the balance of your margin account at the end of the day?
More questions like this

Want instant access to all verified answers on moodle2024.ncirl.ie?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!