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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Definitions:

MHC Class

Molecules on the surfaces of cells that help the immune system recognize foreign substances; they are categorized into class I and II, important for immune response.

Immune System

The immune system is a complex network of cells, tissues, and organs that work together to defend the body against infection and disease.

Lipoproteins

Molecules made of protein and fat that transport fats around the body in the extracellular fluid.

Plasma Membranes

A dual lipid layer enveloping the cell's cytoplasm, responsible for managing substance movement into and out of the cell.