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Today's settlement price on a Chicago Mercantile Exchange (CME) futures contract is $1.7537/. Your initial performance bond is at $2,000. The maintenance performance bond is
Today's settlement price on a Chicago Mercantile Exchange (CME) futures contract is $1.7537/. Your initial performance bond is at $2,000. The maintenance performance bond is $1,600. The next three days' settlement prices are $1.7670/, $1.7219/, and $1.6985/. (The contractual size of one CME contract is 62,500). You take a long position in one futures contract (buy ), what is the total additional fund you need to deposit so that you keep your marginal account for the three days? A. $1987.50 B. $1438.65 Loc $0, because the balance never drops below the "margin call". O D. $2836.85
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