4. At the end of one day a clearing house member is long 100 contracts, and the settlement price is $50,000 per contract. The original margin is $2,000 per contract. On the following day the member becomes responsible for clearing an additional 20 long contracts, entered into at a price of $51,000 per contract. The settlement price at the end of this day is $50,200. How much does the member have to add to its margin account with the exchange clearing house? +

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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4. At the end of one day a clearing house member is long 100 contracts, and the
settlement price is $50,000 per contract. The original margin is $2,000 per
contract. On the following day the member becomes responsible for clearing
an additional 20 long contracts, entered into at a price of $51,000 per contract.
The settlement price at the end of this day is $50,200. How much does the
member have to add to its margin account with the exchange clearing house? +
Transcribed Image Text:4. At the end of one day a clearing house member is long 100 contracts, and the settlement price is $50,000 per contract. The original margin is $2,000 per contract. On the following day the member becomes responsible for clearing an additional 20 long contracts, entered into at a price of $51,000 per contract. The settlement price at the end of this day is $50,200. How much does the member have to add to its margin account with the exchange clearing house? +
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