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Title: You purchased one July futures contract of pork bellies at $.59 per lb. One contract represents ... Post by: papahomer on Jun 1, 2017 You purchased one July futures contract of pork bellies at $.59 per lb. One contract represents 40,000 lbs. of pork bellies. Initial margin on the contract was 4% of the contract price with a maintenance margin of $500. By the end of the day, the price had fallen to $.57 per lb. How much will you be required to add to your margin account to replenish your maintenance margin?
A) None B) $356 C) $144 D) $32 Title: Re: You purchased one July futures contract of pork bellies at $.59 per lb. One contract represents ... Post by: Lutional on Jun 1, 2017 Content hidden
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