Question
Question 22 A trader opened an account with the broker by adding $6,000 cash, $11,000 worth of stocks and bonds of worth $6,000. The trader
Question 22
A trader opened an account with the broker by adding $6,000 cash, $11,000 worth of stocks and bonds of worth $6,000. The trader wants to enter a futures contract which requires an initial margin of $11,400. Calculate his total deposit that qualifies for futures trading. Do you think that the trader can start the futures trading with the deposit he has in the margin account? Why or why not?
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
