Question
You long a 10-year T-Note future contract (on $100,000) at 108-100 with an initial margin requirement of 5%. Over the next five days the futures
You long a 10-year T-Note future contract (on $100,000) at 108-100 with an initial margin requirement of 5%. Over the next five days the futures price changes to each of the following values. Mark your margin account to market. How much would be in your margin account at the close of each trading day. [Note: do not worry about a maintenance margin]
- 108-150
- 108-300
- 109-100
- 108-240
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
