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Please Help Asasp Suppose the initial margin on heating oll futures is $12,800, the maintenance margin is $10,000 per contract, and you establish a long
Please Help Asasp
Suppose the initial margin on heating oll futures is $12,800, the maintenance margin is $10,000 per contract, and you establish a long position of 18 contracts today, wher each contract represents 39,000 gallons. Tomorrow, the contract settles down $.01 from the previous day's price. What is the maximum price decline on the contract that you can sustain without getting a margin call? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct Step by Step Solution
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