Question: 1. Sammy buys 2 March 2022 corn contracts when the quote is 525'4. What is the total value of this position? A. $26,275 B. $36,550

1. Sammy buys 2 March 2022 corn contracts when the quote is 525'4.

What is the total value of this position?


A.

$26,275


B.

$36,550


C.

$52,550


D.

$65,700

2. Sammy buys 2 March 2022 corn contracts when the quote is 525'4. Sammy's broker requires an initial margin of 12%.

What is the toal amount Sammy has to pay when he makes his trade?


A.

$6,306


B.

$16,550


C.

$52,550


D.

$55,700

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