Answered step by step
Verified Expert Solution
Question
1 Approved Answer
questions 3-12 please please please! worked out! will gove upvote if all is worked out. thank you! exchange an Please answer the next ten questions
questions 3-12 please please please! worked out! will gove upvote if all is worked out. thank you!
exchange an Please answer the next ten questions based on the closing December futures contract prices for BP for four consecutive days in November. You sold two BP futures contract at the closing price on 11/01. Each BP futures contract requires the delivery of BP 62,500. Suppose, the initial and maintenance margin for each BP futures contract are $1,200 and $800, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin call if you get one. 11/02 $1.7527 S1.7782 11/03 $1.7588 $1.7827 11/04 $1.7580 $1.7713 11/01 $1.7579 $1.7750 Date Closing BP Spot Price to Closing December BP Futures Contract Price Estimate the profit /loss posted to your account at the close of 11/02. 3. a. $200 b. -$200 C. -$400 d. -S3,187.5 4. Estimate how much money you will have in your margin account at the close of the trading day on 11/02-before you meet your margin calls, if you get any a. $1,000 b. $1,400 c. $2,000 d. $2,800 5. What is the margin call you will receive at the close of the trading day on 11/02? a. $2,400 b. $400 c. $200 d. SO Estimate the profit/loss posted to your account at the close of 11/03. 6. a.-$562.50 b.-$281.25 c. $281.25 d. -$2,987.50 7. Estimate how muc h money you will have in your margin account at the close of the trading day on 1103helore you meet your margin calls, if you get any a. $3,362.50 b. $718.75 c. $1,437.50 d. $3,362.50 8. What is the margin call you will receive at the close of the trading day on 11/037 a. $962.50 b. $481.2:5 c. $162.50 d. SO 9. Estimate the profit / loss posted to your account at the close of 11/04 a. $1,662.50 b. $2,850 c. $1,425 d. -$1,425 10. Estimate how much money you will have in your margin account at the close of the trading day on 11/04-before you meet your margin calls, if you get any. a. $3,825 b. $2,000 c. $2,400 d. $5,850 11. What is the margin call you will receive at the close of the trading day on 11/04? a. $2,400 b. $2,000 $2,200 c. d. S0 12. On 11/02 you will_a margin call, on 11/03 you will a margin call, and on 11/04 you will a margin call from the exchange a. get; not get; get b not get; get; not get c. get; get; not get d. get; get; getStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started