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Questions Suppose you enter into a short position to sell March Gold for $255 per ounce. The contract size is 100 ounces, the initial margin

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Questions Suppose you enter into a short position to sell March Gold for $255 per ounce. The contract size is 100 ounces, the initial margin is $2550 and the maintenance margin is $1020. At what price will you receive a margin call? 0 255.07 O 270.3 0 265.2 o 239.7 O 254.94 D Question 8 Suppose that on October 24 you buy 10 March gold futures contracts for $250 per ounce. At 11:00 am on October 25 you buy 8 more contracts for $259.0 ounce. At the close of trading on October 25, gold futures settle for $260.5 ounce. If the contract size is 100 ounces and the initial margin equals 2500, how much do you gain or lose as of the close? 0-9300.0 O 9300.0 O 11700.0 O-11700.0 Suppose that on October 24 you Sell 13 March gold futures contracts for $270 per ounce. At 11:00 am on October 25 you buy 10 March contracts for $271.5 ounce. At the curse of trading on October 25. gold futures settle for $276.0 ounce. If the contract size is 100 ounces and the initial margin equals 2700, how much do you gain or lose as of the close? 0 3300.0 0 -3300.0 0-300.0 O 300.0

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