questions 9-12

The following information applies to Question #9 #15: Consider a hypothetical futures contract in which the current price is $82. The initial margin requirement is S5, and the maintenance margin requirement is $2. You go long 20 contracts and meet all margin calls but do not withdraw any excess margin. The settlement price and the spot price of the underlying from day to day 6 look like the following: Day Settlement Price Spot Price of the Underlying 0 82 84 81 78 80 75 77 86 90 Gain/Loss Ending Balance Futures Price Change Price Day followine chart might help you organize your calculation Begging Funds Settlement Spot Deposited Price Balance e day, when your account is equal Which is the first day that you will receive ma 9. Suppose you receive margin call at the beginning of the day, when yo and less than maintenance margin. Which is the first day that you will at the beginning of that day? A. Day 1 B. Day 2 C. Day 3 D. Day 4 E. None above ccount, from day to day 6? 10. What is the total amount that you are going to put in your account, from day A. $5 B. $100 C. $180 D. $220 E. None above 11. What is total loss and profit from Day 0 to Day 6, if the long holder alw market? A. $40 B. $2 C. $100 D. $200 E. None above 12. Suppose the day 6 is the expiration date of the futures contracts. Which one of the following action is not allowed in day 5 (one day before expiration)? A. Wait until day 6 B. Withdraw money from your account C. Close off all the positions D. Enter more long contracts E. All the actions above are allowed The following information applies to Question #9 #15: Consider a hypothetical futures contract in which the current price is $82. The initial margin requirement is S5, and the maintenance margin requirement is $2. You go long 20 contracts and meet all margin calls but do not withdraw any excess margin. The settlement price and the spot price of the underlying from day to day 6 look like the following: Day Settlement Price Spot Price of the Underlying 0 82 84 81 78 80 75 77 86 90 Gain/Loss Ending Balance Futures Price Change Price Day followine chart might help you organize your calculation Begging Funds Settlement Spot Deposited Price Balance e day, when your account is equal Which is the first day that you will receive ma 9. Suppose you receive margin call at the beginning of the day, when yo and less than maintenance margin. Which is the first day that you will at the beginning of that day? A. Day 1 B. Day 2 C. Day 3 D. Day 4 E. None above ccount, from day to day 6? 10. What is the total amount that you are going to put in your account, from day A. $5 B. $100 C. $180 D. $220 E. None above 11. What is total loss and profit from Day 0 to Day 6, if the long holder alw market? A. $40 B. $2 C. $100 D. $200 E. None above 12. Suppose the day 6 is the expiration date of the futures contracts. Which one of the following action is not allowed in day 5 (one day before expiration)? A. Wait until day 6 B. Withdraw money from your account C. Close off all the positions D. Enter more long contracts E. All the actions above are allowed