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You buy one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per
You buy one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $3,000. The maintenance margin per contract is $2,000. During the next day the futures price falls to $1,004 per unit. What is the balance of your margin account at the end of the day?
$3,200 | ||
$3,400 | ||
$3,600 | ||
$2,400 |
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