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You enter into a short futures contract to sell July silver for $ 5.20 per ounce on the New York Commodity Exchange. The size of
- You enter into a short futures contract to sell July silver for $ 5.20 per ounce on the New York Commodity Exchange. The size of the contract is 5,000 ounces. The initial margin is 4,000$ and the maintenance margin is 3,000$. What change in the futures price will lead to a margin call ?
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
