Business
Business, 26.02.2020 01:34, lahebra

From times t=2 to t=M-1, Mr. H makes no withdrawals from his margin account and makes no deposits. It happens that the account never falls below the maintenance level so there is never a margin call. Then the only changes to the margin account that occur, are the daily "mark to market" changes. At time t=M the futures price

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From times t=2 to t=M-1, Mr. H makes no withdrawals from his margin account and makes no deposits. I...

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