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yosie yosie
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3 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 percentage profit or loss is

▸ 4.88% profit.

▸ 4.88% loss.

▸ 9.23% loss.

▸ 34.57% profit.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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Marinaanderson0Marinaanderson0
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yosie Author
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3 years ago
Thank you, thank you, thank you!
gmiannotti
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Just got PERFECT on my quiz
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You make an excellent tutor!
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