Question
S&P 500 E-mini futures have an initial and maintenance requirement of $13,200 and $12,000 respectively. Assume a retail investor purchases 25 E-mini futures priced at
S&P 500 E-mini futures have an initial and maintenance requirement of $13,200 and $12,000 respectively. Assume a retail investor purchases 25 E-mini futures priced at 2,875. Each futures contract has a multiplier of $50. At what price of the S&P 500 Index will the retail investor be asked to post maintenance margin?
A. 2,779
B. 2,851
C. 2,825
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
