Question
You purchase a silver futures contract when silver was quoted at 1,250cents/oz. The contract was written on 5,000oz. The broker required an initial margin of
You purchase a silver futures contract when silver was quoted at 1,250cents/oz. The contract was written on 5,000oz.
The broker required an initial margin of 12%.
Right now silver is quoted 1,310 cents/oz.
What is the return of this position?
Answer in percent
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New Issues In Financial Institutions Management
Authors: F Fiordelisi, P Molyneux, D Previati
2010th Edition
0230278108, 978-0230278103
