Multiple Choice
A futures contract covers 5000 pounds with a minimum price change of $0.01 is sold for $31.60 per pound.If the initial margin is $2,525 and the maintenance margin is $1,000,at what price would there be a margin call?
A) 31.91
B) 32.11
C) 31.29
D) 31.09
E) 31.80
Correct Answer:
Verified
Correct Answer:
Verified
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