Question
A company enters into a long futures contract to buy 1,000 barrels of oil for $20 per barrel. The initial margin is $6,000 and the
A company enters into a long futures contract to buy 1,000 barrels of oil for $20 per barrel. The initial margin is $6,000 and the maintenance margin is $4,000. What oil futures price will allow $2,000 to be withdrawn from the margin account?
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Finance And Sustainability
Authors: Karolina Daszyńska-Żygadło, Agnieszka Bem, Bożena Ryszawska, Erika Jáki, Taťána Hajdíková
1st Edition
3030344037, 978-3030344030
