[CFA level 1模拟真题]Version 4 Questions－Q48 contract, face, following, class, border

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Q48. The following information relates to a futures market contract:

Initial futures price on Day 0	$100
Initial margin requirement	$5
Maintenance margin requirement	$3
Settlement price on Day 1	$103
Settlement price on Day 2	$96
Settlement price on Day 3	$98

If no funds are withdrawn and margin calls are met at the beginning of the next day, the ending balance on Day 3 for an investor with a short position of 10 contracts is closest to:

A. $50

B. $70

C. $80

D. $100

 

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答案和详解如下：

Q48.  D   Study Session 17-75-d

At the end of Day 1, the balance in the investor's account would be $20.

At the beginning of Day 2, the investor would be required to deposit $30

At the end of Day 2, the balance in the investor's account would be $120

At the end of Day 3, the balance in the investor's account would be $100

LEEFEI571

不知

水模样

100

fantasy_ln

see

fantasy_ln

see

jungle1009

see

ondesert

d

technet

c

ondesert

d