On Monday morning you sell one June T-bond futures contract at $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions. DaySettleMonday$ 97,406.25Tuesday$ 98,000.00Wednesday$ 100,000.00 The cumulative rate of return on your investment after Wednesday is a __________. Multiple Choice 79.86% loss 2.63% loss 33.00% gain 53.95% loss
On Monday morning you sell one June T-bond futures contract at $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions. DaySettleMonday$ 97,406.25Tuesday$ 98,000.00Wednesday$ 100,000.00 The cumulative rate of return on your investment after Wednesday is a __________. Multiple Choice 79.86% loss 2.63% loss 33.00% gain 53.95% loss
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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On Monday morning you sell one June T-bond futures contract at $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions.
DaySettleMonday$ 97,406.25Tuesday$ 98,000.00Wednesday$ 100,000.00
The cumulative
Multiple Choice
79.86% loss
2.63% loss
33.00% gain
53.95% loss
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