Essay
Assume that an investor buys one June NYSE Composite Index Futures Contract on May 1 at a price of 72.The position is closed out after four days.The prices on the three days after purchase were 72.5,72.1 and 72.2.The initial margin is $3500.
(a)Calculate the current equity on each of the next three days.
(b)Calculate the excess equity for those three days.
(c)Calculate the final gain or loss on this position.
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The initial margin is 
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Each point in pr...View Answer
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.Each point in pr...
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