Question
You have a long position of 100 USD/Point futures contract. The contract size is 65,000 pound, with a strike price of $1.455. The initial margin
You have a long position of 100 USD/Point futures contract. The contract size is 65,000 pound, with a strike price of $1.455. The initial margin is $2,850, with a performance margin of $1,800. The spot price for pound the next 3 days are: $1.445, $1,415, and $1,385. What is your margin account balance Each Day?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
