Question
The initial margin on heating oil futures is $8400 and the maintenance margin is $7200 per contract. You go long 10 contracts where each contract
The initial margin on heating oil futures is $8400 and the maintenance margin is $7200 per contract. You go long 10 contracts where each contract represents 42000 gallons. You receive a margin call if the price goes _____ by _____ cents per gallon
| up; 2.86 | ||
| down; 4 | ||
| down; 2.86 | ||
| up; 4 |
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
