Please answer the next question based on the closing July futures contract prices for EUR for three. consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR 150,000. Suppose, the initial and maintenance margin for each EUR futures contract are $2,000 and $1,500, respectively. Date July EUR Futures Contract Price On 3/02 you will O get: get not get; not get Oget; not get O not get; get 3/02 3/03 $1.3328 $1.3345 $1.3398 3/01 a margin call and on 3/03 you will a margin call from the exchange
Please answer the next question based on the closing July futures contract prices for EUR for three. consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR 150,000. Suppose, the initial and maintenance margin for each EUR futures contract are $2,000 and $1,500, respectively. Date July EUR Futures Contract Price On 3/02 you will O get: get not get; not get Oget; not get O not get; get 3/02 3/03 $1.3328 $1.3345 $1.3398 3/01 a margin call and on 3/03 you will a margin call from the exchange
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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Transcribed Image Text:Please answer the next question based on the closing July futures contract prices for EUR for three
consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each
EUR futures contract requires the delivery of EUR 150,000. Suppose, the initial and maintenance margin
for each EUR futures contract are $2,000 and $1,500, respectively.
Date
July EUR Futures
Contract Price
On 3/02 you will
O get: get:
not get; not get
Oget; not get
O not get: get
3/01
3/02
3/03
$1.3328 $1.3345 $1.3398
a margin call and on 3/03 you will
a margin call from the exchange
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