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16. You have $6,500 of equity in your account, and you just shorted two E-mini Dow Jones Index futures which have Initial Margin of $2,250

image text in transcribed 16. You have $6,500 of equity in your account, and you just shorted two E-mini Dow Jones Index futures which have Initial Margin of $2,250 each, and maintenance margin of $2,000 each. Each Dow point is a minimum tic worth \$5. How much is your profit if the Dow rises 165 points? 17. The exchange acts as the counterparty for both buyer and seller so every futures trade generates two transactions, a long position for the buyer and a short position for the seller. a. True b. False

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