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Suppose that on March 1 , an investor takes a long position in 1 0 May wheat futures contracts at a futures price of $
Suppose that on March an investor takes a long position in May wheat futures contracts at a futures price of $ per bushel. One futures contract calls for the delivery of bushels. Suppose that the initial margin is $ per contract, and the maintenance margin is $ per contract. Suppose that the settlement price at the end of the first day is $ per bushel, at the end of the second day is $ per bushel, and at the end of the third day is $ per bushel. What is the percent return on the margin account at the end of the third day?
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Gain of
Loss of
Gain of
Loss of
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