Day 0 1 2 3 Beginning Balance $0.00 Table 6 Deposits Price $100.00 $98.00 $96.90 $100.00 Gain Ending Balance Use Table 6. What is the ending balance on day 3? Initial margin is $7, maintenance margin is $5, and investor is long 11 contracts.

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
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Day
0
1
2
3
O $154.00
O $99.00
$89.10
Beginning
Balance
$0.00
O $109.00
Table 6
Deposits Price
$100.00
$98.00
$96.90
$100.00
Use Table 6. What is the ending balance on day 3? Initial margin is $7, maintenance margin is $5,
and investor is long 11 contracts.
Gain
Ending Balance
Transcribed Image Text:Day 0 1 2 3 O $154.00 O $99.00 $89.10 Beginning Balance $0.00 O $109.00 Table 6 Deposits Price $100.00 $98.00 $96.90 $100.00 Use Table 6. What is the ending balance on day 3? Initial margin is $7, maintenance margin is $5, and investor is long 11 contracts. Gain Ending Balance
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