Question
You entered into a futures contract to sell 62,500 at $1.20/. Your initial margin was $4,200. Your maintenance margin is $2,500 (meaning that your broker
You entered into a futures contract to sell 62,500 at $1.20/. Your initial margin was $4,200. Your maintenance margin is $2,500 (meaning that your broker leaves you alone until your account balance falls to $2,500). At what settlement price do you get a margin call?
$1.5800/.
$1.0272/.
$1.2750/.
$1.1728/.
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
