futures price is 49,100 on March 10. It is 52,300 on March 11. It is 47,700 on March 12. What is the final margin account balance on March 12? Date Daily Gain/Loss Margin Call Mar 9 Mar 10 Mar 11 Mar 12 Futures Price 48,800 49,100 52,300 47,700 Margin Acct Balance

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Bitcoin futures
You have entered a short position in a Bitcoin futures contract. The contract size is 1 bitcoin. The initial margin required is
$15,000. The maintenance margin is $12,500. The contract is entered at market close on March 9 at a price of $48,800. The
futures price is 49,100 on March 10. It is 52,300 on March 11. It is 47,700 on March 12. What is the final margin account balance on
March 12?
Date
Futures Price Daily Gain/Loss
Margin Call
Mar 9
Mar 10
Mar 11
Mar 12
48,800
49,100
52,300
47,700
Numeric Response
Margin Acct
Balance
Transcribed Image Text:Bitcoin futures You have entered a short position in a Bitcoin futures contract. The contract size is 1 bitcoin. The initial margin required is $15,000. The maintenance margin is $12,500. The contract is entered at market close on March 9 at a price of $48,800. The futures price is 49,100 on March 10. It is 52,300 on March 11. It is 47,700 on March 12. What is the final margin account balance on March 12? Date Futures Price Daily Gain/Loss Margin Call Mar 9 Mar 10 Mar 11 Mar 12 48,800 49,100 52,300 47,700 Numeric Response Margin Acct Balance
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