The futures price of gold is $1,000. Futures contracts are for 100 ounces of gold, and the
Question:
a. How much must you initially remit?
b. If the futures price of gold rises to $1,055, what is the profit and return on your position?
c. If the futures price of gold declines to $978, what is the loss on the position?
d. If the futures price declines to $948, what must you do?
e. If the futures price continues to decline to $932, how much do you have in your account?
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a Must remit the margin requirement 5000 b The contract is wo...View the full answer
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Related Book For 
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
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