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The futures price per troy ounce of gold delivered in 3 months is as follows: Each contract is for 100 troy ounces. Part 1 Attempt
The futures price per troy ounce of gold delivered in 3 months is as follows: Each contract is for 100 troy ounces. Part 1 Attempt 1/10 for 10pts. You bought one futures contract on day 0 . What is your daily profit on day 1 (in $ )? Part 2 Attempt 1/10 for 10 pts. What is your daily profit on day 2 (in \$)? Part 3 Attempt 1/10 for 10 pts. What is your daily profit on day 3 (in S)? If the initial margin requirement is 25%, how much money do you have to put into your brokerage account? Part 5 Attempt 1/10 for 10 pts. What is the balance in your margin account at the end of day 1 ? Part 6 Attempt 1/10 for 10 pts. What is the balance in your margin account at the end of day 2? Part 7 Attempt 1/10 for 10 pts. What is the balance in your margin account at the end of day 3
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