Not use chart gpt provide correct answer general Accounting A silver futures contract requires the seller to deliver 5,000troy ounces of silver. An investor sells one July silver futurescontract at a price of $8 per ounce, posting a $2,025 initialmargin. If the required maintenance margin is $1,500, theprice per ounce at which the investor would first receive amaintenance margin call is closest to:a. $5.92b. $7.89c. $8.11d. $10.80

Solution to the Maintenance Margin Call Price CalculationWe are solving for the price at which the…

Answered: A silver futures contract requires the…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter21: Risk Management

Section: Chapter Questions

Problem 2P

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Answer? ? General Accounting question
Speculation with a futures contract Before any trading, George begins with a margin account balance of $0. On May 1, George believes that silver will appreciate in the next 4 days. On May 1, George takes a long position in a futures contract for silver with a futures price of $10/ounce. Each contract is for 1000 ounces of silver. The initial margin is $3000 and the maintenance margin is $2500. On May 2, the settlement futures price is $9.80/ounce. On May 3, the settlement futures price is $9.10/ounce. On May 4, George offsets with a futures contract with a futures price of $9.40/ounce. Note that all contracts are for silver with delivery date of May 25. After George offsets on May 4, what is his margin account balance? Show how you calculate your answer.
On Monday morning you sell one June T-bond futures contract at $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions. Day Settle Monday $ 97,406.25 Tuesday $ 98,000.00 Wednesday $ 100,000.00 After Monday's close the balance on your margin account will be ________.
On Monday morning you sell one June T-bond futures contract at $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to determine the balance on your margin account after Monday's close. Day Settle Monday $ 97,406.25 Tuesday $ 98,000.00 Wednesday $ 100,000.00 $2,700 $2,000 $3,137.50 $2,262.50 97406.25
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financial accounting
General accounting
A company enters into a short futures contract to sell 8,000 units of a commodity for $0.50 per unit. The initial margin is $5000 and the maintenance margin is $3000. When will there be a margin call? (Round your answer to the nearest cent.) a. $0.63 b. $0.72 c. $0.65 d. $0.75
A trader bought two July futures contracts. Each contract is for the delivery of 1,000 barrels. The initial margin is $11,250 per contract and the maintenance margin is $9,000. Calculate the daily gain and loss and margin account balance from April 13, 2020 to April 15, 2020 and explain when the investor will receive a margin call and how much does he need to top up?
Subject general accounting
A 60-day $500 note with interest at 9.5% was written on July 15. The maker approaches the payee on August 9 to propose an early settlement. What amount should the payee be willing to accept on August 9 if short-term investments can earn 7.25%? Multiple Choice O O O O O $502.30 $503.40 $584.30 $502.50 $504.30
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