Top Posters
Since Sunday
G
4
K
3
o
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
R
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
vnaust vnaust
wrote...
Go to Answer
Posts: 136
Rep: 0 0
2 years ago
Logan sold a corn futures contract using the initial margin of $2,700.  His maintenance margin is $2,000.  The price of corn began to rise in early summer, but Logan wants to keep his contract.  When his margin falls below $2,000 (minimum maintenance)

▸ his contract will be automatically sold or canceled.

▸ he does not need to do anything since the most he can lose is $2,700.

▸ he will need to deposit enough money in his margin account to bring the balance up to $2,000.

▸ he will need to deliver the corn immediately.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
Read 77 times
1 Reply
Replies
Answer verified by a subject expert
jvigil33jvigil33
wrote...
#1
Posts: 141
Rep: 2 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

vnaust Author
wrote...

2 years ago
Thank you, thank you, thank you!
Kstan109
wrote...

Yesterday
Good timing, thanks!
jmelchor77
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  957 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 784
  
 700
  
 96