Question
A futures trader has a short position in a copper futures contract with an initial margin of $6,000 and a maintenance margin of $4,500. If
A futures trader has a short position in a copper futures contract with an initial margin of $6,000 and a maintenance margin of $4,500. If the trader's balance is $4,200, what is the size of the required deposit?
O $300
O $1,500
O $1,800
O $4,500
O None of the above
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
