Suppose that on October 24 you buy 10 March gold futures contracts for $250 per ounce....
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Suppose that on October 24 you buy 10 March gold futures contracts for $250 per ounce. At 11:00 am on October 25 you buy 8 more contracts for $259.0 ounce. At the close of trading on October 25, gold futures settle for $260.5 ounce. If the contract size is 100 ounces and the initial margin equals 2500, how much do you gain or lose as of the close? Suppose that on October 24 you buy 10 March gold futures contracts for $250 per ounce. At 11:00 am on October 25 you buy 8 more contracts for $259.0 ounce. At the close of trading on October 25, gold futures settle for $260.5 ounce. If the contract size is 100 ounces and the initial margin equals 2500, how much do you gain or lose as of the close? Suppose that on October 24 you buy 10 March gold futures contracts for $250 per ounce. At 11:00 am on October 25 you buy 8 more contracts for $259.0 ounce. At the close of trading on October 25, gold futures settle for $260.5 ounce. If the contract size is 100 ounces and the initial margin equals 2500, how much do you gain or lose as of the close?
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Step 11 Calculation of Gain or Loss on Future contract Total Contract ... View the full answer
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Posted Date:
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