Question
Contract Open High Low Close Jan, Soybean, 5,000 bu, cents/bu 653.44 705.98 638 692.99 Mar, Soybean, 5,000 bu, cents/bu 809.96 864.85 759.25 801.11 You purchase
Contract Open High Low Close Jan, Soybean, 5,000 bu, cents/bu 653.44 705.98 638 692.99 Mar, Soybean, 5,000 bu, cents/bu 809.96 864.85 759.25 801.11 You purchase 31 contracts of March soybeans at the open. What is the dollar amount of your margin requirement if the margin rate on soybean is 9 percent?
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
