Question
Ashley got into a long position of 5 September 2021 Silver contracts at 20.500. Each contract is for 5000 troy ounces of silver. The prices
Ashley got into a long position of 5 September 2021 Silver contracts at 20.500. Each contract is for 5000 troy ounces of silver. The prices at COMEX exchange are quoted as dollars per troy ounces. Her broker asked her to deposit 5% of the position as the initial margin. The next two days the closing prices were as follows: Day 1: 20.05 Day 2: 19.95
What was her position initially?
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
9780134133539
