Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The investor has just taken a short position in 10 futures contracts for WIG20 index on the Warsaw Stock Exchange (remember about proper multiplier). The

image text in transcribed

The investor has just taken a short position in 10 futures contracts for WIG20 index on the Warsaw Stock Exchange (remember about proper multiplier). The current price of this contract is 1999. If the amount of the maintanance margin is 7.5% of the contract value, and the amount of the initial margin is 120% of the maintanance margin, what amount the investor must pay to the (margin) account: Wybierz jedn odpowied: a. 35982 PLN b. 29985 PLN c. 1799,10 PLN d. 17991 PLN

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financing Nonprofits Putting Theory Into Practice

Authors: Young, Dennis R.

1st Edition

0759109885,0759114129

More Books

Students also viewed these Finance questions

Question

In which of the following environments can sound travel fastest?

Answered: 1 week ago

Question

Which type of energy does an object have when it is in motion?

Answered: 1 week ago

Question

The working principle of a washing machine is?

Answered: 1 week ago

Question

Nuclear sizes are expressed in a unit named?

Answered: 1 week ago