FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solution : Solution:- Settle $ Value of one Value change in Margin Account Total HPR Margin Day Price contract one contract Value Account Open 2053.57

image text in transcribed
Solution : Solution:- Settle $ Value of one Value change in Margin Account Total HPR Margin Day Price contract one contract Value Account Open 2053.57 -513392.5 0 10000 NA 1 2066.38 -516595 -3202.5 6797.5 -32.02% 2 2069.07 -517267.5 -672.5 6125 -9.89% 3 2071.51 -517877.5 -610 5515 -9.96% where Value -multiplier x settle price Value change current value - previous value Margin account value = previous account value + value change HPR Margin Account value change/margin account value 11111111 Margin call 111111 Maintenance margin - Margin on Day 3 6000 - 5515 485

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Managers

Finance For Managers

Authors: E. Martinez Abascal

1st Edition

0077140079, 9780077140076

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose that 1,000 people in a market each have the same monthly demand curve for bottled water, given by the equation QD = 100 25P, where P is the price for a 12-ounce bottle in dollars. a. How...

Answered: 1 week ago

Question

★★★★★
What is the difference between future value and present value? Which approach is generally preferred by financial managers? Why?

Answered: 1 week ago

Question

★★★★★
4 Have you spontaneously used some of the principles of narrative coach-ing so far?

Answered: 1 week ago

Question

★★★★★
In 2005, using $2.5 million in community property, Quinn creates a trust, life estate to his wife, Eve, and remainder to their children. Quinn dies in 2011 when the trust is worth $3.6 million, and...

Answered: 1 week ago

Question

★★★★★
Banyan Co.s common stock currently sells for $30.25 per share. The growth rate is a constant 4%, and the company has an expected dividend yield of 2%. The expected long-run dividend payout ratio is...

Answered: 1 week ago

Question

★★★★★
Your job is identify the data files for a database Sales and Job Costing System for LongDistance Golf, Inc. LongDistance Golf, Inc. is a golf club manufacturer that produces a comprehensive line of...

Answered: 1 week ago

Question

★★★★★
Standard cost systems set budgets for the materials, labor, and factory overhead used by a manufacturer to produce its product. Deviations from these standards are reported as variances. In ch.23, we...

Answered: 1 week ago

Question

★★★★★
Ithaca Transport serves a variety of customers, from individual consumers needing a single item delivered, to large manufacturers or wholesalers needing to ship goods to the other side of the world....

Answered: 1 week ago

Question

★★★★★
dentify one challenge or opportunity that you will address as a consultant for medtronic. In your speaker notes, explain the basis or rationale behind this selection. Remember, you are creating a...

Answered: 1 week ago

Question

★★★★★
At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash $ 33,630 10,000...

Answered: 1 week ago

Question

★★★★★
Vanessa is planning on conducting a study that looks into how listening to music impacts learning. Specifically, she wants to know how well people can learn while listening to their favorite, or...

Answered: 1 week ago

Question

★★★★★
Please read Smith v. Goguen , 415 U.S. 566 (1974), available at https://scholar.google.com/scholar_case?case=14723025391522670978&hl=en&as_sdt=2&as_vis=1&oi=scholarr After reading the above case,...

Answered: 1 week ago

Question

★★★★★
Explain the process of establishing disciplinary practices, including the proper implementation of organizational rules.

Answered: 1 week ago

Question

★★★★★
Explain the federal and provincial legislation that provides the framework for labour relations.

Answered: 1 week ago

Question

★★★★★
Cite the reasons employees join unions.

Answered: 1 week ago

Previous Question Next Question