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The following information is used for the next TWO questions. Assume that you have sold two Australian dollar ( AUD ) futures contracts at the
The following information is used for the next TWO questions.
Assume that you have sold two Australian dollar AUD futures contracts at the
closing price on day Over the subsequent days, the futures price has evolved
as shown in the following table. All values are the closing futures price for that
day.
Each futures contract on the Australian dollar has a size of AUD an initial
margin of CHF and a maintenance margin of CHF In addition, assume
that you never withdraw any excess funds from your margin account and always
meet any required margin calls.
Question answer is
Question
What is the balance on your margin account at the end of day please answer Question which has answer of
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