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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
The crude oil futures contract on the New York Mercantile Exchange covers 1,000 barrels of crude oil. The contract is quoted in dollars and cents per barrel, e.g., $27.42, and the minimum price change is $0.01. The initial margin requirement is $3,375 and the maintenance margin requirement is $2,500. Suppose that you bought a contract at $27.42, putting up the initial margin. At what price would you get a margin call ?
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