Question
On September 1 a trader enters into a long futures contract to buy 100oz of gold with futures price of $1450/oz. The initial margin is
On September 1 a trader enters into a long futures contract to buy 100oz of gold with futures price of $1450/oz. The initial margin is $30,000, and the maintenance margin is $26,000. On September 2, she receives the margin call from the broker and must deposit an additional $10,000. What is the gold futures price on September 2?
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Machine Learning In Finance From Theory To Practice
Authors: Matthew F Dixon, Igor Halperin, Paul Bilokon
1st Edition
3030410676, 978-3030410674
