Given the futures prices for corn in the table below, fill in the corresponding daily mark-to-market settlements
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Question:
Given the futures prices for corn in the table below, fill in the corresponding daily mark-to-market settlements (credits and debits) to a margin account for a position that is long one futures contract, for days 1-5. Prices are given in US cents per bushel, and contracts are for 5,000 bushels.
Day | Futures Price | Margin Account Credit/Debit | |
0 (today) | 422.4 | -- | |
1 | 422.7 | ||
2 | 423.5 | ||
3 | 422.0 | ||
4 | 424.8 | ||
5 | 420.3 |
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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