Question
At the beginning of the day, you entered into a futures contract to buy 100 shares of ABC stock at $100. The initial margin was
At the beginning of the day, you entered into a futures contract to buy 100 shares of ABC stock at $100. The initial margin was $1,000. At the end of the day, ABC's stock price was $97. What was the balance on your margin account?
A. $300
B. $700
C. -$300
D. None of the above.
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
