Use the information in Table 8.7. What is the forecast for period 9 using a naive forecast?

The Contract to Buy and Sell provides that faxed signatures may be acceptable for negotiations, but original signatures will be provided no later than title deadline.

a. true b. false

A company enters into a long futures contract to buy 1,000 units of a commodity for $60 per unit. The initial margin is $6,000 and the maintenance margin is $4,000 . What futures price will allow $2,000 to be withdrawn from the margin account?

A. $58 B. $62 C. $64 D. $66