Question
3. The Initial Margin for the Gold Contract is $$6000 per contract, maintenance margin per contract is $ 4500. If one investor goes long for
3. The Initial Margin for the Gold Contract is $$6000 per contract, maintenance margin per contract is $ 4500. If one investor goes long for Two Gold contracts on Jan 01. Please find out on which dates he/she will receive margin call/calls. Here is the required data. Contract price is at $1800.There is no weekend. (need answer according to my date and price table:)
Day | Price | Day | Price | Day | Price | Day | Price |
Jan 01 | 1790 | 08 | 1780 | 15 | 1755 | 22 | 1800 |
02 | 1788 | 09 | 1770 | 16 | 1760 | 23 | 1810 |
03 | 1775 | 10 | 1760 | 17 | 1770 | 24 | 1810 |
04 | 1780 | 11 | 1750 | 18 | 1775 | 25 | 1808 |
05 | 1770 | 12 | 1740 | 19 | 1780 | 26 | 1810 |
06 | 1760 | 13 | 1730 | 20 | 1780 | 27 | 1809 |
07 | 1760 | 14 | 1750 | 21 | 1782 | 28 | 1810 |
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