Yesterday you entered into a futures contract to sell 62500 at 150 per Your

Yesterday you entered into a futures contract to sell

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9.Yesterday, you entered into a futures contract to sell 62,500 at $1.50 per . Your initial performance bond is $1,500 and your maintenance level is $500. At what settle price will you get a demand for additional funds to be posted? A. $1.5160 per .B. $1.208 per .C. $1.1920 per .D. $1.1840 per .10.Yesterday, you entered into a futures contract to buy 62,500 at $1.50/. Your initial margin was $3,750 (= 0.04 × 62,500 × $1.50/= 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). At what settle price (use 4 decimal places) do you get a margin call? 11.Three days ago, you entered into a futures contract to sell 62,500 at $1.50 per . Over the past three days the contract has settled at $1.50, $1.52, and $1.54. How much have you made or lost? 12.Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/×100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/×100, $0.7996/×100, and $0.7985/×100. (The contractual size of one CME Yen contract is ×12,500,000). If you have a short position in one futures contract, the changes in the margin account from daily marking-to-market will result in the balance of the margin account after the third day to be 13.Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/×100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/×100, $0.7996/×100, and $0.7985/×100. (The contractual size of one CME Yen contract is ×12,500,000). If you have a long position in one futures contract, the changes in the margin account from daily marking-to-market, will result in the balance of the margin account after the third day to be: A. $1,425B. $1,675C. $2,000D. $3,425
14.Suppose the futures price is below the price predicted by IRP. What steps would assure an arbitrage profit? 15.What paradigm is used to define the futures price?

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