Question
Yesterday, you entered into a futures contract to sell 25 million yen at $0.011/ yen. Your initial performance bond is $50,000 and your maintenance level
Yesterday, you entered into a futures contract to sell 25 million yen at $0.011/ yen. Your initial performance bond is $50,000 and your maintenance level is $20,000. At what settle price will you get a demand for additional funds to be posted?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
