Question
1.A company enters into a short futures contract to sell 5,000 units of a commodity for $9 per unit. The initial margin is $5,000 and
1.A company enters into a short futures contract to sell 5,000 units of a commodity for $9 per unit. The initial margin is $5,000 and the maintenance margin is $3,000. At what futures price per unit will trigger a margin call?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
