Solution-What is the new balance of the account

What is the new balance of the account

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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

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What is the new balance of the account

Reference no: EM133111070

Reference no: EM133111070

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