December copper futures are currently trading at $2.50/pound. A contract is 25,000 with an initial margin of
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December copper futures are currently trading at $2.50/pound. A contract is £25,000 with an initial margin of $2000/contract and maintenance margin of $1000/contract.
A. You buy 5 contracts for a long time. After 3 days copper is trading at $2.62/pound, what is the balance in your margin account?
B. If you close the position when copper is at $2.70, what will be your total profit?
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