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Helga [31]
3 years ago
6

You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial

margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price falls to $1,008 per unit. What is the balance of your margin account at the end of the day? a. $3,700b. $1,800c. $2,200d. $1,500
Business
1 answer:
lbvjy [14]3 years ago
6 0

Answer:

b. $1800

Explanation:

Calculation to determine the balance of your margin account at the end of the day

Margin account balance=$2,000-[100*($1008-$1010)]

Margin account balance=$2,000-(100*$2)

Margin account balance=$2,000-$200

Margin account balance=$1,800

Therefore the balance of your margin account at the end of the day is $1,800

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Novay_Z [31]

Answer:

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Explanation:

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Answer:

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Explanation:

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4 0
3 years ago
In the context of electronic communication, _____ involves indirect form of disrespect.
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Hence, passive incivility involves indirect form of disrespect.

To learn more about incivility here:

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3 0
2 years ago
What is the best way for a plaintiff to establish legal liability for a CPA: Question 47 options: Prove the CPA made an untrue s
kramer

Answer:

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Answer: This can be explained as follows:-

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