You have decided to use futures contracts to invest in silver at a settle price of $15
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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 5,000 troy ounces and an initial margin requirement of $4,500. If you purchase 25 contracts, what is the total margin (in dollars) you will need to provide?
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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