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The front month Palladium futures price is $2320. The contract size is 100 troy ounces. The initial margin today is $17,000. Calculate the leverage of
The front month Palladium futures price is $2320. The contract size is 100 troy ounces. The initial margin today is $17,000.
- Calculate the leverage of this futures contract. What is the percent change needed to multiply the initial margin account by two.
- The intraday maintenance margin (the amount required to carry a contract past the daily close) is 3,600 USD for one contract. Recently, Palladium decreased from $2338.8 to $2166.7 in 5 days. Calculate the number of margins calls that a long position might have received during that week.
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Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
