Question
A company enters into a long futures contract to buy 100 units of a commodity for $1,700 per unit. The initial margin is $8,500 and
A company enters into a long futures contract to buy 100 units of a commodity for $1,700 per unit. The initial margin is $8,500 and the maintenance margin is $6,500. What is the futures price per unit below which there will be a margin call?
$1,680
$1,700
$1,720
$1,660
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
