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You are long 5 gold futures contracts, established at an initial settle price of 1 , 4 0 0 per troy ounce, where each contract
You are long gold futures contracts, established at an initial settle price of per troy ounce, where each contract is troy ounces. Your initial margin to establish the position is $ per contract and the maintenance margin is $ per contract. Over the subsequent four trading days, gold settles at the following prices, $ $$ and $ a Compute the balance in your margin account at the end of each of the four trading days. pts i $ : ii $ : iii. $ : iv $ : b Compute your total profit or loss at the end of the fourday trading periodpts
You are long gold futures contracts, established at an initial settle price of per troy ounce, where each contract is troy ounces. Your initial margin to establish the position is $ per contract and the maintenance margin is $ per contract. Over the subsequent four trading days, gold settles at the following prices, $ $$ and $
a Compute the balance in your margin account at the end of each of the four trading days. pts
i $ :
ii $ :
iii. $ :
iv $ :
b Compute your total profit or loss at the end of the fourday trading periodpts
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