You buy one futures contract for euros on the chicago, Ask an Expert

Finance

You buy one futures contract for euros on the Chicago Mercantile Exchange at $1.15 per euro. The initial margin requirement is 4% and the maintenance margin is 75%.

a. How much do you have to deposit with your broker when you buy the contract?

b. Below what price will you receive a margin call?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92401719

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