Use Table below. An investor uses the futures markets. They buy 10 futures contracts. Fill out the table below assuming margin is $5, maintenance margin is $3, and contracts are 10. What is the ending balance at end of day 3. 41 Day 0 O $80 O $40 $50 $30 123 2 3 1° Beginning Balance 0 1 D Table 6 Deposits 60 Price 100 98 103 97 Gain Ending Balance
Use Table below. An investor uses the futures markets. They buy 10 futures contracts. Fill out the table below assuming margin is $5, maintenance margin is $3, and contracts are 10. What is the ending balance at end of day 3. 41 Day 0 O $80 O $40 $50 $30 123 2 3 1° Beginning Balance 0 1 D Table 6 Deposits 60 Price 100 98 103 97 Gain Ending Balance
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:Use Table below. An investor uses the futures markets. They buy 10 futures contracts. Fill out the
table below assuming margin is $5, maintenance margin is $3, and contracts are 10. What is the
ending balance at end of day 3.
Day
$80
O $40
O $50
$30
8723
1
14
Beginning
Balance
0
Table 6
Deposits
60
Price Gain
100
98
103
97
Ending
Balance
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