Question
A trader shorted 10 futures contracts of WTI crude oil for $25 per barrel. The maintenance margin is $5 per barrel. What price of oil
A trader shorted 10 futures contracts of WTI crude oil for $25 per barrel. The maintenance margin is $5 per barrel. What price of oil futures will trigger a margin call if the company has $150,000 cash in the account initially? (recall CL contract has a multiplier of 1000)
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
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