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On March 2 2 , 2 0 2 3 , Bijan Bharati entered into 2 0 long contracts on Micro Bitcoin Futures at $ 2
On March Bijan Bharati entered into long contracts on Micro Bitcoin Futures at
$ Bitcoin, with each contract for Bitcoin. The following table contains some
information for the first days after the contract initiation. The initial margin was $ per
contract, and the maintenance margin is of the initial margin.
a How much were the initial and maintenance margins for the contracts?
b Fill out all the blanks.
c Suppose that the Bitcoin price was $ on day and $ on day Can Bijan
withdraw fund from his margin account? If yes, by how much?
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