Initial margin per contract upon placing the trade

Assignment Help Financial Management

Reference no: EM132053533

The futures contract quote on 5,000 bushels of soybeans traded on the CBOT, Monday, December 31, 2001 was:

Open: 423-3/4 ($4.2375/bushel)

High: 424 ($4.24/bushel)

Low: 419-1/2 ($4.1950/bushel)

Settle: 421 ($4.21/bushel)

You shorted 3 contracts at $4.22 on December 31, 2001

The settlement for January 2, 2002 was $4.18 (the markets closed on New Years). If you had to post a $1,000 initial margin per contract upon placing the trade, what would be your trade account balance at the close of January 2, 2002?

Reference no: EM132053533

Questions Cloud

What are some examples of distress : What are some examples of Eustress in your life currently? What are some examples of Distress? How can you find a good balance between the two?

Extent of globalization of the world economies : What is the current pace and extent of globalization of the world economies and what fuels it?

Why are costs important in economics : Complete questions by filling the blanks and/or circling (or highlighting) a correct choice.

Do you think that memories are more like live theatre : Do you think that memories are more like live theatre or a video recording? Why? How do you think this plays a role in terms of your learning? 200 words.

Initial margin per contract upon placing the trade : If you had to post a $1,000 initial margin per contract upon placing the trade, what would be your trade account balance at the close of January 2, 2002?

What will be the effect on banana prices within that nation : A nation ends a tariff on bananas, which is an imported product. What will be the effect on banana prices within that nation?

What are the impacts of pricing ceiling market equilibrium : What are the impacts of pricing ceiling market equilibrium in education market?

Summarize research in state requirements for certification : Summarize your research in state/federal requirements for certification/licensure for I/O psychology in Florida . Create a timeline that you can follow to meet.

Describe how the skills you have learned aided in journey : Describe how the skills you have learned and the strengths you have discovered aided you in your journey, and how you have changed.

User Account

All Pages