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You have entered a short position in a Bitcoin futures contract. The contract size is 1 bitcoin. The initial margin required is $17,000. The maintenance margin is $14,500. The contract is entered at market close on March 20 at a price of $49,500. What is the final amount in the margin account balance on March 23? Date Futures Price March 20 49,500 March 21 49,900 March 22 51,200 March 23 249,000 Daily Gain/Loss Margin Account Balance Margin Call

You have entered a short position in a Bitcoin futures contract. The contract size is 1 bitcoin. The initial margin required is $17,000. The maintenance margin is $14,500. The contract is entered at market close on March 20 at a price of $49,500. What is the final amount in the margin account balance on March 23? Date Futures Price March 20 49,500 March 21 49,900 March 22 51,200 March 23 249,000 Daily Gain/Loss Margin Account Balance Margin Call

Essentials Of Investments
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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You have entered a short position in a Bitcoin futures contract. The contract size is 1 bitcoin. The initial margin required is $17,000. The maintenance margin is $14,500. The contract is entered at market close on March 20 at a price of $49,500. What is the final amount in the margin account balance on March 23? Date Futures Price March 201 49,500 March 21 49,900 March 22 51,200 March 23 49,000 Numeric Response Daily Gain/Loss Margin Account Balance Margin Call
Transcribed Image Text:You have entered a short position in a Bitcoin futures contract. The contract size is 1 bitcoin. The initial margin required is $17,000. The maintenance margin is $14,500. The contract is entered at market close on March 20 at a price of $49,500. What is the final amount in the margin account balance on March 23? Date Futures Price March 201 49,500 March 21 49,900 March 22 51,200 March 23 49,000 Numeric Response Daily Gain/Loss Margin Account Balance Margin Call
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