Question
24. You have just deposited $17,500 into a new futures account. You have established the following positions: Asset Qty Entry Price Mgn/Contract Initial Equity Tic
24. You have just deposited $17,500 into a new futures account. You have established the following positions:
Asset | Qty | Entry Price | Mgn/Contract | Initial Equity | Tic Value | Contract Unit |
Cash Balance | - | - | $2,137 | - | - | - |
LCV20 | 2 | 107.65/cwt | $1,350 | $2,700 | $.025/lb=$10 | 40,000 lbs |
CTV20 | 1 | 0.5637 | $4,900 | $4,900 | 1/100 cent = $5 | 50,000 lbs |
HGX20 | 1 | 3.025 | $7,763 | $7.763 | $0.25/lb=$12.50 | 25,000 lbs |
The prices of the commodities have moved during the trading day so that COB (close of business) quotes are:
Contract | High | Low | Close | Net D |
LCV20 | 112.525 | 111.025 | 112.525 | +4.875 |
CTV20 | 0.6416 | 0.6416 | 0.6416 | +0.0779 |
HGX20 | 3.116 | 3.025 | 3.110 | +0.14 |
What is the new balance of the account when marked-to-market?
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