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Given the following information on a gold futures contract, calculate the net profit/loss for the contract buyer if the spot price of gold drops
Given the following information on a gold futures contract, calculate the net profit/loss for the contract buyer if the spot price of gold drops to $1,100/troy oz. Futures Contract Price Initial Spot Price Contract Size Number of Contracts Initial Margin Per Contract Maintenance Margin Per Contract Tick Size $1,200.00/troy oz $1,200.00/troy oz 100 troy oz 20 $5,000/contract $4,500/contract $0.10/troy oz
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
132926172, 978-0132926171
