Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. suppose you enter into a long position to buy march gold for $340 per ounce. the contract is 100 ounces, the initial margin is

3. suppose you enter into a long position to buy march gold for $340 per ounce. the contract is 100 ounces, the initial margin is $3400 and the maintenance margin is $1360 . At what price will you receive a margin call?

A. 353.6

B. 340.05

C. 339.95

D. 360.4

E. 319.6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Governing Global Finance

Authors: Michele Fratianni, Paolo Savona

1st Edition

1138742147, 978-1138742147

More Books

Students also viewed these Finance questions