Jon establishes a long position of one T-bond future today for a settlement price of 101'02. The exchange requires an initial margin of $2700 and a maintenance margin of $2500. his contract price next day is: Day 1: settlement price101'04 The margin account balance at the end of Day 1 is. dollars

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Jon establishes a long position of one T-bond future today for a settlement price of 101'02. The exchange requires an initial margin of $2700 and a
maintenance margin of $2500, his contract price next day is:
Day 1: settlement price101'04
The margin account balance at the end of Day 1 is.
dollars
Transcribed Image Text:Jon establishes a long position of one T-bond future today for a settlement price of 101'02. The exchange requires an initial margin of $2700 and a maintenance margin of $2500, his contract price next day is: Day 1: settlement price101'04 The margin account balance at the end of Day 1 is. dollars
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