On Monday morning you sell one June T-bond futures contract at 97:27, that is, for...
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On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions.
Day Settle
Monday $97,406.25
Tuesday $98,000.00
Wednesday $100,000.00
The cumulative rate of return on your investment after Wednesday is a ________.
| 2.6% loss | ||
| 53.9% loss | ||
| 79.9% loss | ||
| 33% gain |
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