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A trader shorts 2 wheat futures contract (5000 bushels per contract) at $3.00 per bushel. Each contract has initial margin of $1500, and maintenance margin
A trader shorts 2 wheat futures contract (5000 bushels per contract) at $3.00 per bushel. Each contract has initial margin of $1500, and maintenance margin of $1000. What is the first price that would lead to a margin call? a. $2.89 per bushel. b. $2.99 per bushel. c. $3.01 per bushel. d. $3.11 per bushel. e. $3.18 per bushel
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