A 10 year treasury note features contract is purchased at a price of 103 per contract. the
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A 10 year treasury note features contract is purchased at a price of 103 per contract. the initial margin requirement is $3100 per contract and the maintenance margin requirement is $2600 per contract. $10,000 is deposited in the account. the futures price changes to 99 and 20/32 per contract. The trading fees are 250 per contract. The futures contract is not sold what is the margin excess or call after the exchange in price?
Related Book For
Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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