What the investor will make profit at the end of contract

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Problem 1: An investor enters into a futures contract to sell white maize for R3 700 per tonne. The contract is for delivery of 1 000 tonnes. The initial margin is R550 000 and the maintenance margin is R250 000. The investor will make a (profit/loss) at the end of the contract if the price of white maize is R3620 per tonne?

Reference no: EM132909125

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