Examlex
Use this information to answer the questions 3-4.
You purchase a futures contract for September delivery September 15th of 62,500 pounds on March 15th. The pound futures exchange rate is $1.65 per pound. The bank has a margin requirement of 2 percent.
-To secure the futures contract deal with the bank,you will have to put ______ as a deposit with the bank.
Hostile Tender Offer
An attempt to acquire a company against the wishes of its management and board by directly offering to buy the shares from the shareholders.
Cash
Cash is a medium of exchange in the form of physical currency, such as coins and banknotes.
Target Shareholders
Individuals or entities that own shares in a company that is the subject of a merger or acquisition proposal.
Self-Tender Offer
A takeover-resistance strategy in which a target corporation offers to buy its shareholders’ stock.
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