单选题 The following information relates to a futures market contract:
Initial futures price on Day 0
$100
Initial margin requirement
$5
Maintemance rnargin requirement
$3
Settlement price on Day 1
$103
Settlement price on Day 2
$ 96
Settlement price on Day 3
$98
If no funds are withdrawn and margin calls are met at the beginning of the next day, the ending balance on Day 3 for an investor with a short position of 10 contracts is closest to:
【正确答案】 C
【答案解析】At the end of Day 1, the balance in the investor"s account would be $20
At the beginning of Day 2, the investor would be required to deposit $30
At the end of Day 2, the balance in the investor"s account would be $120
At the end of Day 3, the balance in the investor"s account would be $100