Question
a t bond futures contract has a face value of $100,000 currently it is priced at 109-24 the intial margin is 3,713 and maintence margin
a t bond futures contract has a face value of $100,000 currently it is priced at 109-24 the intial margin is 3,713 and maintence margin is $2,750 mark longs fifteen t note futures contract and cindy shorts fifteen t notes futures contract mondays close is 110-15 and tuesday close is 108-28.
A) What are the margin balances of Mark and Cindy on Monday?
Ab) who will get a margin call, by how much?
B) What are the margin balances for mark on cindy on tuesday?
Ba) who will get a margin call, by how much assuming the margin call will be settled over night?
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