单选题
Consider the following information:
On May 1 Party A trades on the futures exchange to buy one oats contract of 10000 bushels for delivery in September. Party B has complimentary requirements. The price is $2 per bushel.
Assume that the contract closes on May 2 at 190 cents per bushel.
Assume the initial margin was $3000 and the maintenance margin $2500.
Assume further that on May 3, the price has dropped to $1.80 per bushel.
The price at which a maintenance margin call will be received is equal to:
【正确答案】
A
【答案解析】When the losses incurred leave an equity that is less than the maintenance margin of $2500, the trader will receive a margin call.