ROUNDED TO TWO DECIMAL PLACES AS NEEDED. THANK YOU.
Homework Answers
1)
Initial margin:
= 300×$40-$4,000
= $8,000
2)
Marin balance:
= $8,000-300×($40-$30)
= $8,000-$3,000
= $5,000
Add Answer to:
ROUNDED TO TWO DECIMAL PLACES AS NEEDED. THANK YOU.
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