Your Broker Requires an Initial Margin of $4,500 Per Futures

question 40

Multiple Choice

Your broker requires an initial margin of $4,500 per futures contract on soybeans and a maintenance margin of $3,000 per contract.Soybean futures contracts are based on 5,000 bushels and quoted in cents per bushel.Yesterday,you bought 5 soybean futures contracts at the closing settlement price of 1372.Today,the settlement quote is 1340.All margin calls restore margin levels to their initial margin level.Will you receive a margin call and if so,for what amount?

• A) no margin call
• B) call for $1,425
• C) call for $2,487
• D) call for $4,650
• E) call for $8,000

Identify the legal consequences of selling property with known defects and the responsibilities of the seller.

Understand the importance and procedure of recording in property law and how it affects property ownership transfer.

Analyze legal strategies available for resolving family disputes over inheritance and property rights.

Interpret the role and legal implications of adverse possession in property law.

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