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Asked by schwass16
Can you help me answer this question and show me the work for it...
Can you help me answer this question and show me the work for it please?
You post the required initial margin of $2182 per contract and buy 3 wheat futures contracts for 5,000 bushels of wheat each at a futures price of $7.169 per bushel. At the close of the trading day, the futures price is $7.242. What is your account balance at the close of the day? Assume no margin calls.
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Answered by MinisterComputer3095
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