Question
Yesterday, you entered into a futures contract to buy 62,500 at $1.20 per . Your initial performance bond is $1,500 and your maintenance level is
Yesterday, you entered into a futures contract to buy 62,500 at $1.20 per . Your initial performance bond is $1,500 and your maintenance level is $500. At what settle price will you get a demand for additional funds to be posted?
a. $1.2160 per .
b. $1.208 per .
c.$1.1920 per .
d. $1.1840 per .
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
