Question
At the end of Day 1 a clearing member(CM) is long 100 contracts with a margin of 2000 per contract. Settlement price for the day
At the end of Day 1 a clearing member(CM) is long 100 contracts with a margin of 2000 per contract.
Settlement price for the day is 50000.On day 2 member becomes responsible for clearing additional 50
long contracts entered into a price of 50500 uniformly.The settlement price on Day 2 is 50200. Calculate
the total margin(CM) has to add on Day2.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
