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Logan sold a corn futures contract using the initial margin of $2,700. His maintenance margin is ...

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Logan sold a corn futures contract using the initial margin of $2,700. His maintenance margin is ...

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

Edition: 14^th

Authors: Zutter, Smart

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jvigil33

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vnaust Author

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Thanks for your help!!

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jbarnett14

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