Top Posters
Since Sunday
7
2
2
1
o
1
C
1
New Topic  
hannah.kasper hannah.kasper
wrote...
Posts: 98
Rep: 0 0
A year ago
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
Textbook 

Corporate Finance Online


Edition: 2nd
Authors:
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
vrundavrunda
wrote...
Posts: 84
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
$2,500
1

Related Topics

wrote...
Posts: 98
Credits: 40

A year ago
You make an excellent tutor!
wrote...
Posts: 77
Credits: 40

Yesterday
Thanks
wrote...
Posts: 68
Credits: 30

2 hours ago
This site is awesome
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  53 People Browsing
 244 Signed Up Today
Related Images
 596
 102