You sold a futures contract on corn at a futures price of 331 and at the time of expiration the price was 343. What was your profit or loss?

Which of the following is/are not characteristic of a money market instrument?

Which one of the following terms best describes Eurodollars?

Which one of the following is not a money market instrument?

You purchased 100 shares of IBM common stock on margin at \$70 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.

Assume you sold short 100 shares of common stock at \$50 per share. The initial margin is 60%. What would be the maintenance margin if a margin call is made at a stock price of \$60?

You sell short 100 shares of Loser Co. at a market price of \$45 per share. Your maximum possible loss is

You purchased 300 shares of common stock on margin for \$60 per share. The initial margin is 60% and the stock pays no dividend. What would your rate of return be if you sell the stock at \$45 per share? Ignore interest on margin.