Question
Assume the price of the Pound futures contract is 1.3900 when you entered a long position in three contacts; each contract is on 15,000 Pounds
Assume the price of the Pound futures contract is 1.3900 when you entered a long position in three contacts; each contract is on 15,000 Pounds and the margin requirement is 10% per contract. What is the value of your margin account today if at the end of the trading day the contract price is at 1.4200?
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
