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Consider an investment that is long 10 S&P 500 Index futures contracts at a price of $3,100.00. The initial margin requirement is $36,000 per contract

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Consider an investment that is long 10 S&P 500 Index futures contracts at a price of $3,100.00. The initial margin requirement is $36,000 per contract and the maintenance margin is $30,000 per contract. The annual risk-free rate is zero. Upon opening the position you deposit $500,000 into your futures trading account. At what S&P 500 Index futures price will a margin call occur? Consider an investment that is long 10 S&P 500 Index futures contracts at a price of $3,100.00. The initial margin requirement is $36,000 per contract and the maintenance margin is $30,000 per contract. The annual risk-free rate is zero. Upon opening the position you deposit $500,000 into your futures trading account. At what S&P 500 Index futures price will a margin call occur

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