Question
2. Yesterday, you entered into a futures contract to sell 10,000 at $1.2550 per . Your initial performance bond is $1,500 and your maintenance level
2. Yesterday, you entered into a futures contract to sell 10,000 at $1.2550 per . Your initial performance bond is $1,500 and your maintenance level is $1,250. Suppose the futures price closes today at $1.2380. What is your bond ending balance?
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
