On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract.
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Anson Industries, Inc. reported the following information on its 20Y1 income statement: Sales ... $4,000,000 Cost of goods sold ... 2,300,000 Operating expenses ... 1,000,000 Income tax expense ... 280,000 Other comprehensive income ... 450,000 a.
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