Solution-What is the new balance of the account

What is the new balance of the account

Reference no: EM133111070

You have just deposited $17,500 into a new futures account. You have established the following positions:

*Asset*	*Qty*	*Entry Price*	*Mgn/Contract*	*Initial Equity*	*Tic Value*	*Contract Unit*
Cash Balance	-	-	$2,137	-	-	-
LCV20	2	107.65/cwt	$1,350	$2,700	$.025/lb=$10	40,000 lbs
CTV20	1	0.5637	$4,900	$4,900	1/100 cent = $5	50,000 lbs
HGX20	1	3.025	$7,763	$7.763	$0.25/lb=$12.50	25,000 lbs

The prices of the commodities have moved during the trading day so that COB (close of business) quotes are:

*Contract*	*High*	*Low*	*Close*	*Net D*
LCV20	112.525	111.025	112.525	*+4.875*
CTV20	0.6416	0.6416	0.6416	*+0.0779*
HGX20	3.116	3.025	3.110	*+0.14*

What is the new balance of the account when marked-to-market?

Reference no: EM133111070

Questions Cloud

Why the dupont framework is employed : What is the "analytical" reason why the DuPont Framework is employed?

What is the current yield on bond : The XYZ bond pays interest semiannually. Its par value is $1,000, it has a coupon rate of 6.5% and is currently quoted at 101.23. What is the current yield on t

Wacc and optimal capital structure : F. Pierce Products Inc. is considering changing its capital structure. F. Pierce currently has no debt and no preferred stock, but it would like to add some deb

Creating options is useful skill in negotiations : Creating options is a useful skill in negotiations. Options can be like arrows in the quiver of a skilled negotiator.

What is the new balance of the account : You have just deposited $17,500 into a new futures account. You have established the following positions:

What is the spread profit-to-loss ratio : If you decide to enter into a bull spread, how would it be structured, and what would the potential profit or loss be?

Launch new line of personal care products : you work for the marketing manager of an organization that is going to launch a new line of personal care products in the U.S. market

Calculate the extent to which risk is reduced in portfolio : Consider a portfolio with $5,000, invested 60% in Black Gold Inc., an energy company, and 40% in Bits and Bytes, an information technology firm.

Develop marketing strategy : When companies that sell coffee they develop their marketing strategy, do they concentrate on satisfying their customers' needs or wants?

User Account

All Pages

What is the new balance of the account

Reference no: EM133111070

Reference no: EM133111070

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

What activities are involved in accounting for the company

Calculate the project free cash flows

Why might management be reluctant of the new options

Computing the monthly savings

With an expected return

Assignment on healthy specialty menus

Explain how the clone experiment eliminates

Determine the optimal leverage of two private equity

How can leaders improve interpersonal skills

What is the impact on the bank net interest income

Prepare variance report and balanced scorecard

Number of months rounded to one decimal place

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT