Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You take a short position in 3 futures contracts on WIG20 on the Warsaw Stock
Exchange. The current contract price is 2023. The maintenance margin is 6,5%
of the contract value and the initial margin is 15% higher than the maintenance
margin. What amount do you need to deposit in the margin account when you
take the position? Remember the correct multiplier for these contracts on the
WSE.
a) 3024.38 PLN.
b) 453.66 PLN.
c) 4536.58 PLN.
d) 9073.15 PLN.
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Transcribed Image Text:You take a short position in 3 futures contracts on WIG20 on the Warsaw Stock Exchange. The current contract price is 2023. The maintenance margin is 6,5% of the contract value and the initial margin is 15% higher than the maintenance margin. What amount do you need to deposit in the margin account when you take the position? Remember the correct multiplier for these contracts on the WSE. a) 3024.38 PLN. b) 453.66 PLN. c) 4536.58 PLN. d) 9073.15 PLN.
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