Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume the initial margin on gold futures is $2000. Maintenance margin is $1000. You had sold a gold futures contract this morning for $40000, and
Assume the initial margin on gold futures is $2000. Maintenance margin is $1000. You had sold a gold futures contract this morning for $40000, and will close your position 5 days later at the market close. Please fill in the missing numbers in the following table.
Day | Settlement Price | Daily Gain | Margin account balance | Margin call |
1 | 40800 | |||
2 | 41200 | |||
3 | 40200 | |||
4 | 40900 | |||
5 | 40000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started