Assume that on Friday August 1, you buy one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97,800. The initial margin requirement is $2,500 and the maintenance margin requirement is $2,000. The settlement price of the contract at closing on that day is $97,400. The settlement price of the contract at closing on the next business day (August 4) is $98,000. Your margin account balance at the end of the day on August 4 is $ .
Assume that on Friday August 1, you buy one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97,800. The initial margin requirement is $2,500 and the maintenance margin requirement is $2,000. The settlement price of the contract at closing on that day is $97,400. The settlement price of the contract at closing on the next business day (August 4) is $98,000. Your margin account balance at the end of the day on August 4 is $ .
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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Assume that on Friday August 1, you buy one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97,800. The initial margin requirement is $2,500 and the maintenance margin requirement is $2,000. The settlement price of the contract at closing on that day is $97,400. The settlement price of the contract at closing on the next business day (August 4) is $98,000. Your margin account balance at the end of the day on August 4 is $ .
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