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Find what is the balance of margin account at the end of day

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Reference no: EM132920562

Problem 1: You sell one December futures contract when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day, the futures price rises to $1,012 per unit. What is the balance of your margin account at the end of the day?

a. $1800
b. $2200
c. $200
d. $2000

Reference no: EM132920562

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