Calculate the inventors margin account at the end of the, Financial Management

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Calculate the inventors margin account at the end of the

An investor sells short a December Dow (DJIA) future contract at the price of 23,070.0. At the end of the day and the following three days, the contract settles at 23,090.0; 23,010.5; 23,280.5; 23,180.0; The contract multiple is $10, the initial margin is $10,000 and the maintenance margin is $8,000. Calculate the inventor’s margin account at the end of the each of the four days.

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Financial Management: Calculate the inventors margin account at the end of the

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