16. You have $6,500 of equity in your account, and you just
shorted two E-mini Dow Jones Index futures which have
Initial Margin of $2,250 each, and maintenance margin of
$2,000 each. Each Dow point is a minimum tic worth $5.
How much is your profit if the Dow rises 165 points?
17. The exchange acts as the counterparty for both buyer and
seller so every futures trade generates two transactions, a
long position for the buyer and a short position for the seller.
a. True
b. False
