5. On June, an investor bought five (10 tons per contract) of soybean futures at $3,000 per ton. Assume the exchange set an initlal margin of 10% and a maintenance margin of 8%. If its settlement price falls to $2800 per ton, the variation margin should be ()? A. 6000 B. 6200 C. 9000 D. 10000

5. On June, an investor bought five (10 tons per contract) of soybean futures at $3,000 per ton. Assume the exchange set an initlal margin of 10% and a maintenance margin of 8%. If its settlement price falls to $2800 per ton, the variation margin should be ()? A. 6000 B. 6200 C. 9000 D. 10000

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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Question

5. On June, an investor bought five (10 tons per contract) of soybean futures at
$3,000 per ton. Assume the exchange set an initlal margin of 10% and a
maintenance margin of 8%. If its settlement price falls to $2800 per ton, the
variation margin should be ()?
A. 6000
B. 6200
C. 9000
D. 10000

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