The initial margin (performance bond) for each wheat futures contract is $1,650. assume you went long...
The initial margin (performance bond) for each wheat futures contract is $1,650. assume you went long one wheat futures contract at the above price and posted margin with your broker, if the next day wheat futures closed at “470” how much money would be left in your margin account?
Homework Answers
loss in the account = 1650 - 470 = 1,180
so the money in the account would drop by 1180. more details are required on margin call, and other margin requirements
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