You enter into a short crude oil futures contract at $49 per barrel. The initial margin is $3,376 and the maintenance margin is $2,401. One
You enter into a short crude oil futures contract at $49 per barrel. The initial margin is $3,376 and the maintenance margin is $2,401. One contract is for 1,000 barrels of oil. By how much do oil prices have to change before you receive a margin call?
Group of answer choices 50.98 49.98 46.98 47.98
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
