Solution-Find out amount of the initial margin

Find out amount of the initial margin

Reference no: EM132855106

Suppose you purchase five corn futures contracts. The contract size is 5,000 bushels and the prices is quoted in cents per bushel. Assume the initial margin requirement is 6.5 percent of the contract value. What's the amount of the initial margin if the futures quote is 784?

Reference no: EM132855106

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Find out amount of the initial margin

Reference no: EM132855106

Reference no: EM132855106

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