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johnnyappleseed johnnyappleseed
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2 years ago
Eric has just purchased a heating oil contract at $2.05 per gallon.  The contract size is 21,000 gallons. Initial margin is $6,075; maintenance margin is $4,500.  If the price of heating oil is $2.15 when the contract expires, Eric's profit or loss is

▸ $(2,100) loss.

▸ $2,100 profit.

▸ $(3,975) loss.

▸ $(2,400) loss.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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mhmoud123mhmoud123
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2 years ago
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Helped a lot
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