问题
单项选择题
It is April 15, and a trader is entered into a short position in two soybean meal futures contracts. The contracts expire on August 15, and call for the delivery of 100 tons of soybean meal each. Further, because this is a futures position, it requires the posting of a $3000 initial margin and a $1500 maintenance margin per contract. For simplicity, however, assume that the account is marked to market on a monthly basis. Assume the following represent the contract delivery prices (in dollars per ton) that prevail on each settlement date:
|
What is the equity value of the margin account on the May 15 settlement date, including any additional equity that is required to meet a margin call
A．
| A. $4650. |
B．
| B. $2300. |
C．
| C. $2700. |
答案
参考答案：A
解析：Total margin = 2 × 3000 = $6000. Total price change = 179.75 - 173.00 = $6.75 per ton. $6.75 per ton × 200 tons = $1350. Since this is a short position, the margin account will decrease by $1350. $6000- $1350= $4650.