ACI
3I0-012 · Question #610
Click on the Exhibit Button to view the Formula Sheet. You are short of 6 Dec euro dollar futures contracts at 98.10. Yesterday, the closing price was 98.15. Today's closing price is…
The correct answer is D. You will receive USD 3,675.00. See the full explanation below for the reasoning.
Question
Click on the Exhibit Button to view the Formula Sheet. You are short of 6 Dec euro dollar futures contracts at 98.10. Yesterday, the closing price was 98.15. Today's closing price is 97.905.Whatvariation margin will be due?
Options
- AYou will have to pay USD 612.50
- BYou will receive USD 612.50
- CYou will have to pay USD 3,675.00
- DYou will receive USD 3,675.00
How the community answered
(25 responses)- A16% (4)
- B8% (2)
- D76% (19)
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