On Monday morning you sell a June Treasury futures contract at 97:27 for $97,843.75. The face value of the contract is $100,000. The initial margin requirement is $2,700 and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions.

settlement of the day

Monday $97,406.25

Martes $98,000.00

Wednesday $100,000.00

After the close on Monday, calculate your margin account balance.

Answer rating: 100% (QA)

To calculate the margin account balance after the close on Monday we need to consider the initial ma... View the full answer