제목 | 홍찬양 교수님께 문의드립니다. | ||||
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등록일 | 2020-10-27 오후 5:29:49 | 조회수 | 811 | ||
안녕하세요. 홍찬양 교수님께 문의드립니다. 과정명 : 2020 CAIA Level1 Introduction to Alternative Investment(9월) 스웨저 p.227 Example *문의내용 : 해답의 4번째 줄에 "require a margin call of $4,500 to bring the balance back up to the original amount of $9,500"이라고 되어 있습니다. 왜 Initial Margin $9,500에서 $5,000의 손실이 나서 Margin Call을 요구받았는데, Initial Margin을 회복하는데 $5,000이 아니라 $4,500이 필요하다고 되어 있는지요? [스웨저 p.227 Example 교재내용] A trader has a ling position in five contracts of corn bushels with an initial price of $3.80 per bushel, with each contract controlling 5,000 bushels. At an initial margin of 10%, the trader is required to post $9,500 (5,000 x 5 x $3.80 x 10%). The maintenance margin is set to $7,000 (or $1,400 per cotract). Assuming corn drops by $0.20 per bushel, calculate the margin balance and the required margin call needed. Answer: A decline of $0.20 per bushel x 5,000 bushels x 5 contracts results in a loss on the long position of $5,000. This results in a margin balance of $4,500 ($9,500 - $5,000) and, since the margin balance has fallen below the maintenance margin level of $7,000, will require a margin call of $4,500 to bring the balance back up to the original amount of $9,500. 감사합니다. |
다음글 | caia 강의 문의 |
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이전글 | 김종곤 강사님께 문의 드립니다. |