Question
Yesterday, you entered into a futures contract to buy 62,500 at $1.25/. Your initial margin was $4,000. Your maintenance margin is $2,000 (meaning that your
Yesterday, you entered into a futures contract to buy 62,500 at $1.25/. Your initial margin was $4,000. Your maintenance margin is $2,000 (meaning that your broker leaves you alone until your account balance falls to $2,000). At what settle price do you get a margin call?
| A. | $1.5320/ | |
| B. | $1.4720/ | |
| C. | $1.21800/ | |
| D. | $1.2220/ |
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
