Futures price of March 22 Brent Crude Oil contract is 80 USD per barrel, 1 contract refers to 1000 barrel. Investors enters a long position in 5 futures contracts. How high is the initial margin, if clearing house requires 10% of the contract value? (calculation is required)

Answer rating: 100% (QA)

80 USD per barrel 1 contract refers to 1000 barrel Total 5 future contr... View the full answer