Question
You have decided to use futures contracts to invest in silver at a settle price of $15 per ounce. Each futures contract has a standard
You have decided to use futures contracts to invest in silver at a settle price of $15 per ounce. Each futures contract has a standard size of 4,900 troy ounces and an initial margin requirement of $4,400. If you purchase 20 contracts, what is the total margin (in dollars) you will need to provide?
| $73,500 | ||
| $4,400 | ||
| $16,000 | ||
| $88,000 |
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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
