Corporate Finance Assignment/ Professional Essay Writers
May 27th, 2020
Yesterday, you entered into a futures contract to buy Ac‚¬62,500 at $1.50/Ac‚¬. Your initial margin was $3,750 (= 0.04 x Ac‚¬62,500 x $1.50/Ac‚¬ = 4 percent of the contract value in dollars). Your maintenance margin is $2,000 (meaning that your broker leaves you alone until your account balance falls to $2,000).
Don't use plagiarized sources. Get Your Assignment on
Corporate Finance Assignment/ Professional Essay Writers
Just from $13/Page
At what settle price (use 4 decimal places) do you get a margin call?
Select one:
a. $1.4720/Ac‚¬.
b. $1.5280/Ac‚¬.
c. $1.500/Ac‚¬.
d. None of the above. Get FInance Help Today