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Business, 27.05.2020 19:09 sindy35111

Your broker requires an initial margin of $878 per futures contract on wheat and a maintenance margin of $650 per contract. Wheat futures contracts are based on 5,000 bushels and quoted in cents per bushel. You sold 6 wheat futures contracts at a price quote of 385 cents per bushels. Today, the settlement quote is 390 cents per bushels. Will you receive a margin call and if so, for what amount (6 contracts totally)? Assume you have not received any previous margin calls. Select one: a. Call for $22 b. Call for $1,500 c. No margin call d. Call for $250 e. Call for $132

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