Question
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
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?
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Investments Analysis And Management
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13th Edition
1118975588, 9781118975589
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