You have entered into a long position in the t-note futures


You have entered into a long position in the T-note futures of 5 contracts at a price of 125,000. The T-note Futures contract has a face value of $100,000 and trades in % and 32nd of 1%. The initial margin requirement for the contract is $1,430 and the maintenance margin is $1,300. At the time you entered the position the equity in your account was $9,500. The settlement price for the contract was 124,090. Would you get a margin call and if so how much would the margin call be for?

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Financial Management: You have entered into a long position in the t-note futures
Reference No:- TGS01087570

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