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Title: You have a short position in one corn futures contract. Each futures contract calls for the delivery ... Post by: Ija on Apr 26, 2021 You have a short position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2 yellow 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 $1,750. Today, the settlement price for corn futures is $5.43. 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.
▸ $1,500 ▸ $1,750 ▸ $2,500 ▸ $3,250 Title: You have a short position in one corn futures contract. Each futures contract calls for the delivery ... Post by: Slambo on Apr 26, 2021 Content hidden
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