Your Broker Requires an Initial Margin of $2,500 and a Maintenance

question 52

Multiple Choice

Your broker requires an initial margin of $2,500 and a maintenance margin of $1,500 on Treasury note futures. Treasury note futures contracts are based on a $100,000 par value and quoted in points and one-half of 1/32 of a point. You own one Treasury futures contract that had a closing settlement quote of 112′165 yesterday. Today, the settlement quote is 111′105. Your margin balance at yesterday's close was $2,100. All margin calls restore margin levels to their initial level. Will you receive a margin call based on today's settlement quote and, if so, for what amount?

• A)no margin call
• B)call for $1,100.50
• C)call for $1,287.50
• D)call for $1,587.50
• E)call for $1,775.00

Define the "labor problem" and its characteristics.

Investigate the role of media and human resource professionals in shaping labor perceptions and practices.

Understand the different schools of thought concerning industrial relations and their perspectives on unions and workplace governance.

Identify the causes and proposed solutions to the labor problem according to different theories.