Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
hannah.kasper hannah.kasper
wrote...
Go to Answer
Posts: 98
Rep: 0 0
2 years 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

Corporate Finance Online


Edition: 2nd
Authors:
Read 82 times
1 Reply
Replies
Answer verified by a subject expert
vrundavrunda
wrote...
#1
Posts: 84
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

hannah.kasper Author
wrote...

2 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
karamsidhu1
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
prime7105
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1081 People Browsing
 113 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 3085
  
 773
  
 1953
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: What's your favorite funny biology word?