Apex company purchase 10 Oil Future contracts with delivery in 6 months. Each contract was for 5,000 barrels with a price of $85 per barrel and a margin requirement of $42,500 per contract. The market price per barrel at the close of the 6 months is $87. How much per barrel with Apex pay for the oil? $85 $87 $42.50
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Apex company purchase 10 Oil Future contracts with delivery in 6 months. Each contract was for 5,000 barrels with a price of $85 per barrel and a margin requirement of $42,500 per contract. The market price per barrel at the close of the 6 months is $87. How much per barrel with Apex pay for the oil?
- $85
- $87
- $42.50
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