Question
On Monday morning you sell a June Treasury futures contract at 97:27 for $97,843.75. The face value of the contract is $100,000. The initial margin
On Monday morning you sell a June Treasury futures contract at 97:27 for $97,843.75. The face value of the contract is $100,000. The initial margin requirement is $2,700 and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions.
settlement of the day
Monday $97,406.25
Martes $98,000.00
Wednesday $100,000.00
After the close on Monday, calculate your margin account balance.
Step by Step Solution
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To calculate the margin account balance after the close on Monday we need to consider the initial ma...
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
