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If no funds are withdrawn and margin calls are met at the beginning of the next day, the ending balance on Day 3 for an investor with a short position of 10 contracts is closest to: A.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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发表于 2007-10-26 09:08
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