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Question
You purchased two futures contracts on soybeans at a price quote of 1344-²0. The initial margin requirement is $4,750 per contract and the maintenance margin is $3,500 per contract. The contract quantity is 5,000 bushels and the price quote is in cents per bushel. What is the lowest the price quote can go before you receive a margin call?
A. 1314-²0
B. 1315-²0
C. 1319-²0
D. 1322-²0
E. 1325-²0
Answer
This answer is hidden. It contains 110 characters.
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