Question

Ethel decided to invest in the futures market. She entered a long position in 1,000 futures contracts that require a $30,000 initial margin. The maintenance margin is $22,500. Assume that Ethel deposits the minimum amount of cash required to satisfy any margin calls and makes no cash withdrawals. Assume also that the cash earns no interest. At the end of day 5, Ethel closed her position.
Complete the followingtable.


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  • CreatedFebruary 25, 2015
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