Question
question 1: A company enters into a short futures contract to sell 5000 bushels of wheat for 580'4 cents per bushel. The initial margin is
question 1:
A company enters into a short futures contract to sell 5000 bushels of wheat for 580'4 cents per bushel. The initial margin is $ 1500 and the maintenance margin is $1100. At what price will you receive a margin call? Please write your answer in cents and in the format as 570.5 (one decimal point, no dollar sign).
question 2:
The March British Pound Futures Quote is 1.33, if you convert $1000 into British Pound at this quote, how much British Pound will you get? Keep two decimal points. Leave the currency sign out in your answer (e.g.1050.15).
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