Question
26. Yesterday, you entered into a futures contract to sell A$100,000 at $1.2500 per A$. The initial margin for this contract is $3,510. The maintenance
26. Yesterday, you entered into a futures contract to sell A$100,000 at $1.2500 per A$. The initial margin for this contract is $3,510. The maintenance margin requirement is $2,600. Suppose the futures price closes today at $1.3000. What is your margin account balance after today's closing?
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Dynamic Asset Allocation With Forwards And Futures
Authors: Abraham Lioui , Patrice Poncet
1st Edition
0387241078,038724106X
