Assume that yesterday you sold 2 contracts of wheat futures (10,000 bushels) at $7.00 per bushel. Initial
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Assume that yesterday you sold 2 contracts of wheat futures (10,000 bushels) at $7.00 per bushel. Initial margin is $2,000 per contract. Maintenance margin is $1,500 per contract. Today the market decreased by 20 cents per bushel. Will you have a margin call, and how much money must you add to your account?
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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