Question
Suppose the initial margin requirement for the oil contract is 40%. Contract size is 1000 barrels. Current future price for March is $30. If the
Suppose the initial margin requirement for the oil contract is 40%. Contract size is 1000 barrels. Current future price for March is $30. If the spot oil price at maturity date is 33, whats your return if you long the contract?
| A. | 22.01%
| |
| B. | 29.00%
| |
| C. | 30.00%
| |
| D. | 25.00%.
|
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
