Question
For the operation of margin account for a long position in three gold futures contracts, the initial margin is $5,000 per contract. If the maintenance
For the operation of margin account for a long position in three gold futures contracts, the initial margin is $5,000 per contract. If the maintenance margin is $3,200 per contract and the current trade price is $2,200, at what price would there be a margin call?
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
