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citycyborg citycyborg
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2 years ago
Fred has just sold short 3 contracts of May wheat on the CBT. These are 5,000 bushel contracts. The initial deposit is $1,500 per contract with a maintenance margin of $1,200.
(a)What is Fred's total initial margin?
(b)How much of an increase in the price of wheat is necessary to cause a margin call?
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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kniemeier2kniemeier2
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