Question
The gold futures contract is for 100 ounces. The current futures price is $900/oz. The initial margin is 10%. Fill in the table below for
The gold futures contract is for 100 ounces. The current futures price is $900/oz. The initial margin is 10%. Fill in the table below for the margins of the long and short given the indicated futures prices over time.
| Day | Futures price | Long Margin | Short Margin |
| 0 | $900 | $9,000 | $9,000 |
| 1 | $904 | $9,400 | $8,600 |
| 2 | $899 |
|
|
| 3 | $882 |
|
|
Can someone please explain how you get these numbers in the boxes?
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Stocks Bonds And The Investment Horizon
Authors: Haim Levy
1st Edition
9811250146, 978-9811250149
