ACI
3I0-012 · Question #341
You are short of 6 December EURODOLLAR futures contracts at 99.50. Yesterday, the closing price was 99.35. Today's closing price is 99.105. What variation margin will be due?
The correct answer is C. You will have to pay USD 3,675.00. See the full explanation below for the reasoning.
Question
You are short of 6 December EURODOLLAR futures contracts at 99.50. Yesterday, the closing price was 99.35. Today's closing price is 99.105. What variation margin will be due?
Options
- AYou will have to pay USD 5,925.00
- BYou will receive USD 5,925.00
- CYou will have to pay USD 3,675.00
- DYou will receive USD 3,675.00
How the community answered
(56 responses)- A11% (6)
- B2% (1)
- C82% (46)
- D5% (3)
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