Assume that on Friday August 1, you buy one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97800. The initial margin requirement is $2500 and the maintenance margin requirement is $2000. The settlement price of the contract at closing on that day is $97400. Your margin account balance at the end of the day is $ .
Assume that on Friday August 1, you buy one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97800. The initial margin requirement is $2500 and the maintenance margin requirement is $2000. The settlement price of the contract at closing on that day is $97400. Your margin account balance at the end of the day is $ .
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 12P
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Assume that on Friday August 1, you buy one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97800. The initial margin requirement is $2500 and the maintenance margin requirement is $2000. The settlement price of the contract at closing on that day is $97400. Your margin account balance at the end of the day is $ .
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