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An investor purchases one July 20 Indian rupee futures contract at a price of $0.013/. The contract size is 5,000,000 rupees. The initial margin is
An investor purchases one July 20 Indian rupee futures contract at a price of $0.013/.
The contract size is 5,000,000 rupees. The initial margin is $2,200.
The price of the rupee over the next four days is as follows: $0.0132, $0.0133, $0.0131, and $0.0129.
What is the investors balance in her margin account at the end of the fourth day?
Will she get a margin call?
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