Question
Yesterday, you entered into a futures contract to sell C$100,000 at $1.0500 per C$. The initial margin for this contract is $2,430. The maintenance margin
Yesterday, you entered into a futures contract to sell C$100,000 at $1.0500 per C$. The initial margin for this contract is $2,430. The maintenance margin requirement is $1,800. Suppose the futures price closes today at $1.0185. What are your profits /losses?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
