问题 单项选择题

Consider the following information: On May 1 Party A trades on the futures exchange to buy one oats contract of 10000 bushels for delivery in September. Party B has complimentary requirements. The price is $2 per bushel. Assume that the contract closes on May 2 at 190 cents per bushel. Assume the initial margin was $3000 and the maintenance margin $2500. Assume further that on May 3, the price has dropped to $1.80 per bushel. The price at which a maintenance margin call will be received is equal to:

A.

A. $2500.

B.

B. $3000.

C.

C. $500.

答案

参考答案:A

解析:When the losses incurred leave an equity that is less than the maintenance margin of $2500, the trader will receive a margin call.

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