Question
You bought a 6 months corn future contract for 5000 bushels of corn, at $3.30 per bushel. The initial margin requirement is 15 % and
You bought a 6 months corn future contract for 5000 bushels of corn, at $3.30 per bushel. The initial margin requirement is 15 % and the maintenance margin is 10%. The 6 months corn futures contracts is due to expire. A bushel of corn is currently trading in the sport market at $3.20. What is the return on your cash?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
