8. Marking to market (S27-4) Yesterday, you sold six-month futures on the German DAX stock market index

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8. Marking to market (S27-4) Yesterday, you sold six-month futures on the German DAX stock market index at a price of 15,600. Today, the DAX closed at 15,550 and DAX futures closed at 15,650. You get a call from your broker, who reminds you that your futures position is marked to market each day. Is she asking you to pay money, or is she about to offer to pay you?

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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