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Intro You've just bought 2 futures contract on corn at a futures price of 596 for delivery in 3 months. Each contract is for 5,000
Intro You've just bought 2 futures contract on corn at a futures price of 596 for delivery in 3 months. Each contract is for 5,000 bushels and is priced in cents per bushel. The initial margin requirement is 5%. Part 1 - Attempt 1/4 for 10 pts. How much of your own money did you have to put up initially? 0+ decimals Submit Part 2 - Attempt 1/4 for 10 pts. One month later, the futures price is 564. How much money (in $) was added to (enter as a positive number) or taken out of (enter as a negative number) your margin account over the last month due to marking to market? 0+ decimals Submit | Attempt 1/4 for 10 pts. Part 3 What is the balance in your margin account now? 0+ decimals Submit Part 4 Attempt 1/4 for 10 pts. What is your return over that month? 2+ decimals Submit Part 5 Attempt 1/4 for 10 pts. Another month later, the futures price is 619. What is the balance in your margin account now? 0+ decimals Submit
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