You purchased the following futures contract today at the settlement price listed in The Wall...

50.1K

Verified Solution

Question

Accounting

image

You purchased the following futures contract today at the settlement price listed in The Wall Street Journal. Corn (CBT) 5,000 bu.; cents per bu. Lifetime Revenue Open High Low Settle Change High Low Nov. 204.5 206.75 204 204 +3.5 268.5 182 Open Interest 2,095 If there is a 35.00% margin requirement, how much do you have to deposit? (Round your answer to 2 decimal places.) Margin deposit

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