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Use the following information for questions 79-82. Suppose that last month you decided to speculate in $8.P500 futures. You went shot one June contract (

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Use the following information for questions 79-82. Suppose that last month you decided to speculate in $8.P500 futures. You went shot one June contract ( $50 index) at 4680.40 . The contract has an initial margin requirement of $25,000 and the maintenance margin is $15,000. You have not had a margin call. The sette price for the June contract was 4663.80 on Friday, up 12.60 from Thursday. The SEP 500 closed on Friday at 4660.00 . 79. How much moncy is in your margin account now? That is, how much money wat in your margin account at the close of trading on Friday after your account was markedto-market? (Remember that your account started with $25,000.) Answer: $ 80. How much money did you make or lose on Friday? That is, how much was added or subtracted from your account on Friday when the account was marked to market? Answer: You Made/Lost 5 for the day. (Circle Onc) 81. What's it going to take for you to have a margin call? That is, where does the fitures price have to be for you to have a margin call? Answer: The futures price has to be Above/Below for a margin call

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