Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. on monday morning, your buy one cme british pound

On Monday morning, your buy one CME British Pound futures contract (i.e., you sell BP)...

50.1K

Verified Solution

Question

Finance

On Monday morning, your buy one CME British Pound futures contract (i.e., you sell

BP) containing BP 62,500 at a price of $1.4118. Suppose the broker requires an initial margin of $1,925 and a maintenance margin of $1,750. The settlement prices for Monday through Friday are $1.4108, $1.4118, $1.4085, $1.4076, and $1.4072, respectively. Assume that you begin with an initial balance of $2,000. Fill out the following tables. Make sure you show your calculation. (To get exact answers, show 4 digits after the decimal point. If your calculation cant show 4 digits after the decimal point, use excel spread sheet for the calculation)

Monday

Morning

Monday

Close

Tuesday

Close

Wednesday

Close

Thursday

Close

Friday

Close

Future price

$1.4118

$1.4108

$1.4118

$1.4085

$1.4076

$1.4072

Daily gain/Loss

Remaining

Balance

Variation Margin

Balance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

TCO C, D) In the absence of express agreement to the contrary, partners in a general...

Chemistry
1.2K views

1. To prepare your ascorbic acid solution, you and your lab partner dissolved 121.34 g of...

Finance
1.2K views

Yield to maturity   The Salem Company bond currently sells for ​$1,120.30​,has a coupon interest rate of 16​%and a...

General Management
1.2K views

Explain how reinforcement theory works and how it can be used to motivate.

Physics
1.2K views

A cylindrical rod of some laser material 5 x 10-2m long and 10-2m in diameter...

Physics
1.2K views

If the distances between two similar magnetic poles held one cm apart be doubled then...

Accounting
1.2K views

The following information was drawn from the accounting records...

Accounting
1.2K views

Check my work mode : This shows what is correct or incorrect for the work...

Accounting
1.2K views

GemsRUS compr los derechos para extraer esmeraldas de una mina durante un perodo de diez...

Accounting
1.2K views

please answer all the following parts Required:...

Accounting
1.2K views

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell...

Accounting
1.2K views

GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2024,...