1. The initial margin (performance bond) for each wheat futures contract is $1,650. assume you went long one wheat futures contract at the above price and posted margin with your broker, if the next day wheat futures closed at “470” how much money would be left in your margin account?
2. June 2018 Euro Dollar futures are priced at $98,44. What LIBOR rate does this price imply investors expect in June of 2018?