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5. Assume that an investor takes a long position in one July Silver future contract in February. The contract size is 100 Oz, and the
5. Assume that an investor takes a long position in one July Silver future contract in February. The contract size is 100 Oz, and the future price is $900/Oz. The margin requirement is $3000, and the maintenance margin is $2000. Acting as a broker for daily settlement, fill in the following table: Daily gain or loss Cumulative gain or loss Margin call Margin account balance $ 3,000.00 Day 11- Feb 12- Feb 13- Feb 14- Feb 15- Feb Futures price $ 900.00 $ 897.00 $ 896.10 $ 898.20 $ 889.00
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