Question
A trader enters into a short futures contract to sell 5,000 troy ounces of silver for S24.175 per troy ounce. The initial margin is S10,450
A trader enters into a short futures contract to sell 5,000 troy ounces of silver for S24.175 per troy ounce. The initial margin is S10,450 and the maintenance margin is S9,500. What futures price will allow $7,500 to be withdrawn from the margin account the day after the trader enters into the futures contract?
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The Ultra High Net Worth Bankers Handbook
Authors: Heinrich Weber, Stephan Meier
1st Edition
1905641753, 978-1905641758
