What oil futures price per barrel will allow 2000 to be


A company enters into long futures contract to buy 7,000 barrels of oil for a futures price of $101.17 per barrel. The initial margin is $6,000 and the maintenance margin is $4,000 per contract. Each contract is for 1,000 barrels. What oil futures price (per barrel) will allow $2,000 to be withdrawn from the margin account?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What oil futures price per barrel will allow 2000 to be
Reference No:- TGS02822303

Expected delivery within 24 Hours