You Purchased Two Futures Contracts on Soybeans at a Price

question 97

Multiple Choice

You purchased two futures contracts on soybeans at a price quote of 1344'0. The initial margin requirement is $4,750 per contract and the maintenance margin is $3,500 per contract. The contract quantity is 5,000 bushels and the price quote is in cents per bushel. What is the lowest the price quote can go before you receive a margin call?

• A) 1314'0
• B) 1315'0
• C) 1319'0
• D) 1322'0
• E) 1325'0

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