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On Monday, you sold one Eurodollar interest rate futures contract for $97,500. Initial performance bond is $4,000 and the maintenance performance bond is $3,000. Day
- On Monday, you sold one Eurodollar interest rate futures contract for $97,500. Initial performance bond is $4,000 and the maintenance performance bond is $3,000.
| Day | Settle price | Daily gain/loss | Margin balance |
| Monday Tuesday Wednesday | 97,500 99,500 98,500 |
( ) ( ) | 4,000 ( ) ( ) |
- Figure out daily gain/loss and the margin balance for Tuesday. Do you receive the margin call or not on Tuesday? (40points)
- Figure out daily gain/loss for Wednesday. (20points)
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
