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Assume the current spot price of oil is $90/barrel and the future price is.... Need work and formulas for this please. Thanks 5) Assume the

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Assume the current spot price of oil is $90/barrel and the future price is....

Need work and formulas for this please.

Thanks

image text in transcribed
5) Assume the current spot price of oil is $90!barre1 and the future price is $90.643ba1'rel. You enter into 4 short future contracts today (2/20! 1?), each contract is for 100 barrels of oil. Your initial margin is $1,500 per contract and your margin call occurs at $1,000 per contract. Date Price 2f20f201? 90.64 2:121:90]? 93.55 2122901? 96.8? 2231201? 92.99 2f24f2017 89.48 W27f2017 85.22 21128001?I 83.33 31'11'201'? 85.52 What does your margin account have in it at the end of each day? If there is a margin call, note that there is a margin call and record that you deposit the necessary money into the account as a separate transaction instantaneously, i.e. if on 2:27 you needed to put in $1,500 at the end of the day you should show a deposit of $1,500 on 21'2\"? after the close of the day

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