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Sally Kennedy working for ACG Capital enters a long futures contract to buy September Silver for $15.00 per ounce. The size of the contract is
Sally Kennedy working for ACG Capital enters a long futures contract to buy September Silver for $15.00 per ounce. The size of the contract is 10,000 ounces. The initial margin is $5,000, and the maintenance margin is $3,000. Which of the following statements is most accurate? Up to $5,000 can be withdrawn from the margin account when futures price is $14.80. Up to $4,000 can be withdrawn Irom the margin account when futures price is $15.40. Cash can never be withdrawn from a long hedger's margin account. Up to $5,000 can be withdrawn from the margin account when futures price is $15.20
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