Question: Please step by step teach me how to do this question. I don't understand on A/c balance part and how to get margin call. This

 Please step by step teach me how to do this question.

Please step by step teach me how to do this question.

I don't understand on A/c balance part and how to get margin call.

This question is already with correct answer.

2. You take a long position in the T-note futures on 1/15 when the futures price is 102,250 . The initial margin is $10,000 and the maintenance margin is $6,000. Following your trade, the market moves in the following manner. a. On what day(s) do you get a margin call and what are the amounts of the margin calls? Answer: You get a margin call on 1/21 for 4,250 2. You take a long position in the T-note futures on 1/15 when the futures price is 102,250 . The initial margin is $10,000 and the maintenance margin is $6,000. Following your trade, the market moves in the following manner. a. On what day(s) do you get a margin call and what are the amounts of the margin calls? Answer: You get a margin call on 1/21 for 4,250

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!