Jon establishes a long position of one T-bond future today for a settlement price of...
60.1K
Verified Solution
Link Copied!
Question
Finance
Jon establishes a long position of one T-bond future today for a settlement price of 101'02. The exchange requires an Initial margin of $2700 and a maintenance margin of $2500. Below are the next two days closing price on this contract Day 1: settlement price 100 31 Day 2: settlement price 99 30 The margin account balance after two days is dollars Numeric Response
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
