A trader buys a Eurodollar futures contract at 100.00 ($1 million face value). The initial margin...
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A trader buys a Eurodollar futures contract at 100.00 ($1 million face value). The initial margin requires 50% of the face value of the contract. The maintenance margin requires 40% of the face value of the contract. In Day 1, the future price closes out at a price of 90.00. What is the margin variation at Day 1? A trader buys a Eurodollar futures contract at 100.00 ($1 million face value). The initial margin requires 50% of the face value of the contract. The maintenance margin requires 40% of the face value of the contract. In Day 1, the future price closes out at a price of 90.00. What is the margin variation at Day 1?
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