ACI
3I0-012 · Question #114
Today, you sold 10 December EURODOLLAR futures contracts at 99.50. The closing price is fixed by the exchange at 99.375. What variation margin will be due?
The correct answer is D. You will receive USD 3,125.00. See the full explanation below for the reasoning.
Question
Today, you sold 10 December EURODOLLAR futures contracts at 99.50. The closing price is fixed by the exchange at 99.375. What variation margin will be due?
Options
- AYou will have to pay USD 312.50
- BYou will receive USD 312.50
- CYou will have to pay USD 3,125.00
- DYou will receive USD 3,125.00
How the community answered
(29 responses)- A10% (3)
- B3% (1)
- C3% (1)
- D83% (24)
Community Discussion
No community discussion yet for this question.