Answer: A. New buy
Explanation:
The situation described is most likely a NEW BUY situation because it bares some characteristics of same. In a new buy, customers generally take their time to make a decision and put the seller through a lot of paperwork in the case of corporate entities in a bid to assess the risk or cost of the new product. It is also necessary to do so as they have no previous experience with the seller and so trust cannot play a center stage.
Jenny also implied that it was the first time she had met them and it was also the first time they had been introduced to the product so there is that.
If you have any need for clarification do react or comment.
Answer:
The trader has incurred a loss because the price of crude oil futures has increased.
Loss = (Today's closing price - Yesterday's closing price) * 10 * 100
Loss = (57 - 55.30) * 100 Per contract
Loss = $170 per contract
Loss for 10 contracts = 170 * 10 = $1,700
Now the account balance = Current margin balance - Loss for 10 contracts
The account balance = 28,000 - 1,700
The account balance = $26,300
Maintenance margin for 10 contracts = 2,500 * 10 = $25,000
Since the account balance is greater than the required maintenance margin for 10 contracts, the investor is not required to deposit money into the margin account.
Explanation:
Answer:
3000
1500
Explanation:
For each of the answers in this question I have added the formulas to solve them in the attachment below
1.
(45-39)*5*100
= 3000
2.
(45-39)-3 x5 x100
= $1500
