Question
Calculate the profit or loss for each trade. Determine if there will be a margin call and what the account balance would be after each
Calculate the profit or loss for each trade. Determine if there will be a margin call and what the account balance would be after each offsetting trade. 10 pts
Maintenance margin = $80,000
Profit/Loss | Margin Call | Account Balance | ||
$100,000 | ||||
Buy 10 Lean Hog contracts @ $67.600 | Sell 10 Lean Hog contracts @ $65.200 | |||
Buy 10 Live Cattle contracts @ $109.200 | Sell 10 Live Cattle contracts @ $112.500 | |||
Sell 10 Soybean Meal contracts @ $296.0 | Buy 10 Soybean Meal contracts @ $301.6 | |||
Sell 15 Corn contracts @3.8525 | Buy 15 Corn contracts @ $3.8075 |
What is the account balance after the four trades have been completed?
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