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The initial margin on a GBP futures contract is $2035 and maintenance is $1850. You buy one contract (62,500 Pounds) at $1.3100 and place $2035
The initial margin on a GBP futures contract is $2035 and maintenance is $1850. You buy one contract (62,500 Pounds) at $1.3100 and place $2035 in your account. The price of your contract drops to $1.2900 by the close that day. How much (minimum) must you deposit into your account to avoid the brokerage house from selling out your position?
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Financial Institutions, Markets And Money
Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias
12th Edition
1119386489, 1119386483, 978-1-119-3303, 978-1119330363
