You purchased the following futures contract today at the settlement price listed in the Wall Street Journal.Answer the questions below regarding the contract. - What is the total value of the futures contract?
- If there is a 10% margin requirement how much do you have to deposit?
- Suppose the price of the futures contract changes as shown in the following table.
- Enter the relevant information into the table.Show your calculations.
- Explain why the account is marked-to-market daily.

Question

You purchased the following futures contract today at the settlement price listed in the Wall Street Journal.Answer the questions below regarding the contract.  - What is the total value of the futures contract?
- If there is a 10% margin requirement how much do you have to deposit?
- Suppose the price of the futures contract changes as shown in the following table.
- Enter the relevant information into the table.Show your calculations.
- Explain why the account is marked-to-market daily.

Quizplus · Accepted Answer

The Answer of You purchased the following futures contract today at the settlement price listed in the Wall Street Journal.Answer the questions below regarding the contract.  - What is the total value of the futures contract?
- If there is a 10% margin requirement how much do you have to deposit?
- Suppose the price of the futures contract changes as shown in the following table.
- Enter the relevant information into the table.Show your calculations.
- Explain why the account is marked-to-market daily.

You Purchased the Following Futures Contract Today at the Settlement