23. On 34 June, 2011 future with series "RIL (250), July" is purchased by Mr. Avinash and sold by Mr. Mohit with an exercise price 21,000. If initial margin deposit is at 20% of the transaction, a Then show what will be the initial margin deposit. b. If settlement price happens to be as follows, then calculate mark-to-market margin for buyer and seller of futures Date Settlement Price Date Settlement Price 6 June 1,010 7 June 1,050 8 June 1,020 9h June 980 10 June 1,000 13 June 970

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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23.
On 3d June, 2011 future with series "RIL (250), July" is purchased by Mr. Avinash and sold by
Mr. Mohit with an exercise price Z1,000. If initial margin deposit is at 20% of the transaction,
a. Then show what will be the initial margin deposit.
b. If settlement price happens to be as follows, then caloulate mark-to-market margin for buyer
and seller of futures
Settlement Price
Date
Settlement Price
Date
6 June
1,010
7th June
1,050
8th June
1,020
9th June
980
10h June
1,000
13th June
970
Transcribed Image Text:23. On 3d June, 2011 future with series "RIL (250), July" is purchased by Mr. Avinash and sold by Mr. Mohit with an exercise price Z1,000. If initial margin deposit is at 20% of the transaction, a. Then show what will be the initial margin deposit. b. If settlement price happens to be as follows, then caloulate mark-to-market margin for buyer and seller of futures Settlement Price Date Settlement Price Date 6 June 1,010 7th June 1,050 8th June 1,020 9th June 980 10h June 1,000 13th June 970
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