Question
A company enters into a short futures contract to sell 5000 bushels of wheat for 569'4 cents per bushel. The initial margin is $ 1500
A company enters into a short futures contract to sell 5000 bushels of wheat for 569'4 cents per bushel. The initial margin is $ 1500 and the maintenance margin is $1100. At what price will you receive a margin call? Please write your answer in cents and in the format as 570.5 (one decimal point, no dollar sign).
Answer: 579.5
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Financial Sector Reform And Privatization In Transition Economies
Authors: John Doukas, Victor Murinde, Clas Wihlborg
1st Edition
044482653X, 9780444826534
