Question: You post the required initial margin and sell one coffee futures contract for 37, 500 pounds of coffee at a futures price of $1.747 per

You post the required initial margin and sell one coffee futures

You post the required initial margin and sell one coffee futures contract for 37, 500 pounds of coffee at a futures price of $1.747 per pound. At the close of the trading day, the futures price is $1.703 per pound and your account balance is $3894. You did not receive margin calls and did not add funds during the day. What must be the initial margin requirement, to the nearest dollar

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!

You post the required initial margin and sell one coffee futures contract for 37,500 pounds of coffee at a futures price of $1.747 per pound. At the close of the trading day, the futures price is...

You post the required initial margin and sell one coffee futures contract for 37,500 pounds of coffee at a futures price of $1.706 per pound. At the close of the trading day, the futures price is...

You post the required initial margin and buy one coffee futures contract for 37,500 pounds of coffee at a futures price of $1.786 per pound. At the close of the trading day, the futures price is...

You post the required initial margin and buy one coffee futures contract for 37,500 pounds of coffee at a futures price of $1.783 per pound. At the close of the trading day, the futures price is...

Instructions: Answer the following ten questions worth 4 points each in the space provided. Use the following information for questions 1-2. Suppose that you went long one coffee futures contract at...

You post the required initial margin of $3496 per contract and sell 2 copper futures contracts for 25,000 pounds of copper each at a futures price of $3.16 per pound. At the close of the trading day,...

Question 1 of 4 2.25 Points You post the required initial margin of $3334 per contract and sell 2 copper futures contracts for 25,000 pounds of copper each at a futures price of $3.175 per pound. At...

You post the required initial margin of $3605 per contract and sell 2 copper futures contracts for 25,000 pounds of copper each at a futures price of $3.175 per pound. At the close of the trading...

You post the required initial margin of $3398 per contract and sell 2 copper futures contracts for 25,000 pounds of copper each at a futures price of $3.168 per pound. At the close of the trading...

How did they compute 7728 as the answer? You post the required initial margin of $3489 per contract and sell 2 copper futures contracts for 25,000 pounds of copper each at a futures price of $3.18...

Q1.On December 31, 2019, Venus Corp. (the lessee) leases equipment from Gemini Corp. (the lessor). The present value of the lease payments shown below are based on the lessee's incremental borrowing...

Consider the following Lewis structure, where E is an unknown element: What are some possible identities for element E? Predict the molecular structure (including bond angles) for this ion. (See...

this is manangerial accounting Grammar Hequar Byor when Camas My Sheff Baylay IMNersity AI Hidy thenots lywn Daton Clath Duestion 1 of 1 1 1 0 WFrent Attempt in Progress The following information is...

give rationale why mann whitney test best statistical test for this case : Do significant differences exist between husbands and wives regarding holiday depression? There is an ordinal measure of...

1. LaunchPad for Real Communication offers key term videos and encourages selfassessment through adaptive quizzing. Go to bedfordstmartins.com/realcomm to get access to: LearningCurve Adaptive...

3. Read up on the history of some influential but now defunct music group (such as the Beatles, Public Enemy, or Nirvana). Did the group go through all the stages of group development outlined in...

5. The telephone game, passing a message from person to person, is fun simply because of the inevitable message distortion that gets revealed at the end. Can you think of a time when a message was...