You enter into a short crude oil futures contract at $[F] pe…
You enter into a short crude oil futures contract at $[F] per barrel. The initial margin is $[I0],000 and the maintenance margin is $[m0],000. One contract is for 1,000 barrels of oil. What is the futures price of oil, per barrel, when you receive a margin call? (Enter price increases as positive numbers and price decreases as negative numbers. Round your answer to the nearest $0.01).
Read Details