5. Consider a futures contract in which the current futures price is 65$. The initial margin requirement is 5.4$/contract, and the maintenance margin requirement is 4$/contract. You go long on 30 contracts. You meet all margin calls and you withdraw 80$ at the end of the Day 1. Complete the mark-to-market process in the following table: Day 0 1234 5 Beginning balance Funds deposited Ending Futures price Price change Gain/Loss balance 65 68 66 64 69 67
5. Consider a futures contract in which the current futures price is 65$. The initial margin requirement is 5.4$/contract, and the maintenance margin requirement is 4$/contract. You go long on 30 contracts. You meet all margin calls and you withdraw 80$ at the end of the Day 1. Complete the mark-to-market process in the following table: Day 0 1234 5 Beginning balance Funds deposited Ending Futures price Price change Gain/Loss balance 65 68 66 64 69 67
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
Section: Chapter Questions
Problem 1PS
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