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6. Lets say you decide to purchase a stock index future contract at a price of $2,508 on On September 1 the index multiplier is

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6. Lets say you decide to purchase a stock index future contract at a price of $2,508 on On September 1 the index multiplier is 500. You decide to hold that postion until September 15 at a price of $2580 when you sell. The initial marging is $12,000 and maintainance margin is $9,000. Construct a table with the following settlement prices. Show the charges and credits for the following two days. NOTE: This problem is very similar to Problem 19 on page 67 of the textbook. DAY 9/1 9/15 Settlement Price 2560 2400

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