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Author Question: You have a long position in one corn futures contract. Each futures contract calls for the delivery ... (Read 328 times)

MGLQZ

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on: Apr 25, 2021
You have a long position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2 corn. The initial margin was $2,500 and the maintenance margin is $1,250. At the close of trading yesterday, the futures price was $5.23 per bushel and the balance in your margin account was $3,250. Today, the settlement price for corn futures is $4.78. What is the balance in your account at the end of today's trading? Assume that you made the minimum deposit necessary if there was a margin call.
◦ $1,000
◦ $1,250
◦ $1,500
◦ $2,500
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by MGLQZ on Apr 25, 2021

fatboyy09

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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MGLQZ

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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