Question
Q: S&P 500 E-mini futures have an initial and maintenance requirement of $13,200 and $12,000 respectively. Assume a retail investor purchases 25 E-mini futures priced
Q: S&P 500 E-mini futures have an initial and maintenance requirement of $13,200 and $12,000 respectively. Assume a retail investor purchases 25 E-mini futures priced at 2,875. Each futures contract has a multiplier of $50.At what price of the S&P 500 Index will the retail investor be asked to post maintenance margin?
A. 2,779
B. 2,851
C. 2,825
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
