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Assume you go LONG the corn futures contracts on January 15 when the contract price is $3.76 per bushel. The margin requirement per contract is
Assume you go LONG the corn futures contracts on January 15 when the contract price is $3.76 per bushel. The margin requirement per contract is $2,190 initially and $1,380 on maintenance. Each contract provides exposure to 5,000 corn bushels. If the contract price is at $3.88 on July 15 , calculate the effective annual return on your account's equity. A. 62.2% B. 93.2% C. 121.5% D. 155.9%
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