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Two, 10 Year Treasury Note Future contracts are purchased at a price of 103 per...

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Finance

Two, 10 Year Treasury Note Future contracts are purchased at a price of 103 per contract. The initial margin is $$3,100 per contract and the maintenance margin is $2,600 per contract. The total initial margin is paid for upfront. Both futures contracts are sold at a price of 99 and 20/32 per contract. The trading fees are 2.50 per contract. What is the margin excess or call?

  1. $550 Margin Call
  2. $5,750 Margin Call
  3. $6,750 Margin Excess
  4. $550 Margin Excess

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