FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchase a silver futures contract when silver was quoted at 1,110cents/oz. The contract was written on 5,000 oz. The broker required an initial margin

image text in transcribed

You purchase a silver futures contract when silver was quoted at 1,110cents/oz. The contract was written on 5,000 oz. The broker required an initial margin of 12%. Right now silver is quoted 1,410 cents/oz. What is the return of this position? Answer in percent without the symbol

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Public Health And Not-for-Profit Organizations

Financial Management For Public Health And Not-for-Profit Organizations

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

7th Edition

1071835335, 978-1071835333

More Books

Students also viewed these Finance questions

Question

★★★★★
Determine the differential equation for the op amp circuit in Fig. 8.110. If v1(0+) = 2 V and v2(0+) = O V find vo for t > 0. Let R = 100kΩ and C = 1μF. V2 ww- + IO

Answered: 1 week ago

Question

★★★★★
Report a p-value for the test performed in Problem 8.23? Cardiovascular Disease, Pediatrics A study in Pittsburgh measured various cardiovascular risk factors in children at birth and during their...

Answered: 1 week ago

Question

★★★★★
Alcohol and drug use among student athletes

Answered: 1 week ago

Question

★★★★★
The postclosing trial balance of the general fund of the town of Pine Ridge on December 31, 20X1, is as follows: Additional Information Related to 20X2 1. Estimated revenue consisted of property...

Answered: 1 week ago

Question

★★★★★
Pearl Corporation earned net income of $319,740 in 2017 and had 99,000 shares of common stock outstanding throughout the year. Also outstanding all year was $828,000 of 9% bonds, which are...

Answered: 1 week ago

Question

★★★★★
Project 1 2 O -180 -100 1 265 70 elbar navigation YEAR 2 200 80 3 -300 60 4 -100 In the table above are two different project's CFFA. Assuming a 16% required return, based on the CFFAs above for...

Answered: 1 week ago

Question

★★★★★
Create a function (could be piecewise) that demonstrates the following discontinuities. (a) jump discontinuity (b) point discontinuity (c) infinite discontinuity Prove that f(x) is continuous at x =...

Answered: 1 week ago

Question

★★★★★
e) Alice wishes to sign a document and send it to Bob using RSA signatures. Suppose she generates two primes p = 7, q = 11, and a public exponent e =43, and publishes (n. e) as her public key (6...

Answered: 1 week ago

Question

★★★★★
yellow boxes NAME Suppose you administer a certain aptitude test to a random sample of 9 students in your school, and that the average A new sneaker claims that it can make male athletes jump higher....

Answered: 1 week ago

Question

★★★★★
You have a firm that starts out with $70,000 in cash in the bank. You have three investment opportunities. You can undertake any or all of these investment opportunities, but you may only invest in...

Answered: 1 week ago

Question

★★★★★
Base on the diagram 2a, what is the MySQL version? Wireshark - Follow HTTP Stream (tcp.stream eq 4).SQL_Lab.pcap ID: 1 or 1-1 union select null, version ()# First name: admin Surname: admin ID: 1' or...

Answered: 1 week ago

Question

★★★★★
Appreciate the importance of establishing and maintaining a solid one-to-one relationship with each employee in the department and the need to know each as a whole person to be an effective...

Answered: 1 week ago

Question

★★★★★
Perspective, and other characteristics for the purpose of explaining some of the tensions that develop between the two groups

Answered: 1 week ago

Question

★★★★★
Appreciate the value and importance of employee participation and input

Answered: 1 week ago

Previous Question Next Question