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A speculator enters into a long position in ten May wheat futures contracts at $4.751 per bushel. The contract size is 5,000 bushels. The initial
A speculator enters into a long position in ten May wheat futures contracts at $4.751 per bushel. The contract size is 5,000 bushels. The initial margin is $1834 per contract, and the maintenance margin is $1,650 per contract. Calculate the futures price F such that, if the futures price drops below F, then the trader receives a margin call.
Needs to be in price per bushel. Please give step by step explanation.
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