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You sell a futures contract at a price of $245. You are required to pay an initial margin of $100. On the first day of trading after you sell the...

1.You sell a futures contract at a price of $245.  You are required to pay an initial margin of $100.  On the first day of trading after you sell the contract, the price falls to $180.  How much do you have to pay by the following day when your position is "marked to market"?

a) $0. (b) $15 (c) $65 (d) $180

You sell a futures contract at a price of $245.  You are required to pay an initial margin of $100.  On the first day of trading after you sell the contract, the price went to $280.  How much do you have to pay by the following day when your position is "marked to market"?

a) $0. (b) $15 (c) $65 (d) $180

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You buy a futures contract at a price of $245.  You are required to pay an initial margin of $100.  On the first day of trading after you sell the contract, the price falls to $180.  How much do you have to pay by the following day when your position is "marked to market"?

a) $0. (b) $15 (c) $65 (d) $180



You buy a futures contract at a price of $245.  You are required to pay an initial margin of $100.  On the first day of trading after you sell the contract, the price went to $280.  How much do you have to pay by the following day when your position is "marked to market"?

a) $0. (b) $15 (c) $65 (d) $180


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