You have taken a short position of 3 contracts in the dow


You have taken a short position of 3 contracts in the Dow futures (trade $10 times the index) at a price of 16,300. The initial margin is $6,500 and the maintenance margin is $5,200 for the contract. At the time you entered the position you had equity in the account of $23,000. If the futures settlement is 16,560, will you get a margin call and if so how much would the margin call be for?

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Financial Management: You have taken a short position of 3 contracts in the dow
Reference No:- TGS01087572

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