Please use the data below to answer three questions. You sold one September futu

Question

Please use the data below to answer three questions. You sold one September futures contract on 7/01 (at the price given below of $0,775). Each contract is for 125,00 SF; Initial margin is $1500; Maintenance margin is $1000. The profit of loss posted in your account at the close of 7/02 is a)$400 b)-$ 800 ' c) - $400 d)-$6375 30) profit or loss posted at the close of date 7/04 is a) $1425 b)$2850 c)$3325 d)S - $1425 31) How much money you will have to deposit in your account to meet margin call on 07/03 a) $562.5 b)$375.5 c)$l 100 d)S 962.5

Explanation / Answer

1)

profit = (0.7782 - 0.775) * 12500

= 400

therefore, option a is correct.

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