Day0123$166.10O $132.00O $110.00BeginningBalance$0.00O $100.10Table 5DepositsPrice$100.00$99.40Use Table 5. The investor is long 11 contracts. The initial margin is $8 and themaintenance margin is $6. What is the ending balance on Day 3?$97.10$101.10GainEnding Balance

Ending Balance = Beginning Balance + Deposits (+/-) Gain/(loss)

Answered: Day 0 1 2 3 Beginning Balance $0.00…

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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Day 0 1 2 3 Beginning Balance $0.00 Deposits Price $100.00 $99.40 $97.10 $101.10 Gain Ending Balance Use Table 5. The investor is long 11 contracts. The initial margin is $8 and the maintenance margin is $6. What is the ending balance on Day 3?