Question
You short 21 futures contracts of gold (contract size = 100 oz.). The current futures price is $1,815 per ounce. The initial margin requirement is
You short 21 futures contracts of gold (contract size = 100 oz.). The current futures price is $1,815 per ounce. The initial margin requirement is $9,900 per contract. The maintenance margin is $9,000 per contract. At what price level would you receive a margin call?
- A.$1,806.00
- B.$1,824.00
- C.$1,725
- D.$1,905
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
