6 A manager enters into a short futures contract to sell...
90.2K
Verified Solution
Link Copied!
Question
Finance
6
A manager enters into a short futures contract to sell July gold for $1786.20 per ounce. The size of the contract is 100 ounces. The initial margin is $9,900, and the maintenance margin is $9,000. Which of the following futures prices (per ounce) will lead to a margin call? O $1796.40 O $1778.20 $1794.80 O $1776.10
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
