Question
You placed $150,000 in your future trading account have just bought your first HSI futures contract today @ 21,025, at market close the HSI future
You placed $150,000 in your future trading account have just bought your first HSI futures contract today @ 21,025, at market close the HSI future closed at 20719. Currently the initial margin for HSI is $122,892, the maintenance margin is $98,313. HSI futures is $50 per index point
What is your margin account balance as of market closed today?
Step by Step Solution
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Step: 1
To calculate the margin account balance we need to know the initial margin ...
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
