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please explain how you got the numbers for the blanks (ie formulas) 7. [4] Complete the following marking to market cash flows for a futures
please explain how you got the numbers for the blanks (ie formulas)
7. [4] Complete the following "marking to market" cash flows for a futures contract long position. The initial and maintenance mar- gins are 10% and 5% respectively. 185 Day Closing Cash Flow Closing margin Payment Next Day Margin 0 200 Open 0 -20 20 1 193 2 3 197 4 194 Close-out TOTAL Step by Step Solution
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