for delivery in December is $1.3890 per pound. Each contract is for 37,500 pounds. Initial margin is $5000 and maintenance margin is 2700 on what day will long side get a margin call if over the next 5 days the futures price evolves as follows
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Suppose the current price for coffee for delivery in December is $1.3890 per pound. Each contract is for 37,500 pounds. Initial margin is $5000 and maintenance margin is 2700 on what day will long side get a margin call if over the next 5 days the futures price evolves as follows
Day Futures Price
1. $1.4110
2. $1.4290
3. $1.3800
4. $1.3165
5. $1.3175
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- Suppose that March oil futures have the price of $65/barrel, and the size of the contract is 1,000 barrels. When the contract matures in March, what will be the profit of a single long futures contract if the spot price is $68.50/barrel? Only typed Answer and give Answer fastYou placed $120,000 in your future trading account have just bought your first HSI June 2023 futures contract today @ 19,652, at market close the HSI June 2023 future closed at 19,534. Currently the initial margin for HSI is $101,944, the maintenance margin is $81,555. HSI futures is $50 per index point. What is you margin account balance as of market closed today? Please write out the detailed calculation stepsA T-note futures contract has a face value of $100,000, currently it is priced at 108’18. The initial margin is 1,620, and maintenance margin is $1,200. Jack longs one T-note futures contract and Kathy shorts one T-note futures contract. Three months later, the T-note futures contract price increase to 109’14. Who will get a margin call, by how much? Jack will get a margin call, by $875 Jack will get a margin call, by $455 Kathy will get a margin call, by $875 Kathy will get a margin call, by $455
- Suppose that the 3-month futures price of corn is £2.00 (£2 per bushel). The cost-of-carry for this contract is 10%. Under the theory of cost of carry, what is the value of a 6-month futures corn contract?Suppose you buy a December futures contract on a hypothetical 10-year, 6% semiannualcoupon note with a settlement price today of 125-060. You post the initialmargin required for this transaction ($1,430 per $100,000 contract). What nominalannual yield to maturity is implied by the settlement price? If interest rates fall to2.4%, what return would you earn on one futures contract? If interest rates rose to3.2%, what is the return on one futures contract?Your broker requires an initial margin of $6,075 per futures contract on wheat and a maintenance margin of $4,500 per contract. Wheat futures contracts are based on 5,000 bushels and quoted in cents per bushel. You sold one wheat futures contract yesterday at the closing settlement price quote of 786. Today, the settlement quote is 808. Will you receive a margin call and if so, for what amount? All margin calls restore the margin level to its initial level. If the settlement price was 816, would your answer(s) change? If so, how?