An investor takes a long position in 2 November gold futures contracts on July 10. The contract size is 100 oz. The current gold futures price is US$1900. The initial margin requirement is US$5,000 per contract and maintenance margin is US$4,500/contract. The following table shows the futures price at the close of the following dates: Day Date Price 1 10-Jul 1896.00 2 11-Jul 1894.00 3 12-Jul 1901.00 4 13-Jul 1903.00 please choose the correct answers . $1800 can be withdrawn from the account at the close of Day 3 b. You will get a margin call of $1500 at the close on Day 2 c. $2000 can be withdrawn from the account at the close of Day 3 d. $1400 can be withdrawn from the account at the close of Day 3 e. $1500 can be withdrawn from the account at the close of Day 3 f. You will get a margin call of $1800 at the close on Day 2 g. You will get a margin call of $1200 at the close on Day 2 h. You will not get a margin call at the close on Day 1 i. You will get a margin call at the close on Day 1
An investor takes a long position in 2 November gold futures contracts on July 10. The contract size is 100 oz. The current gold futures price is US$1900. The initial margin requirement is US$5,000 per contract and maintenance margin is US$4,500/contract.
The following table shows the futures price at the close of the following dates:
|
Day |
Date |
Price |
|
1 |
10-Jul |
1896.00 |
|
2 |
11-Jul |
1894.00 |
|
3 |
12-Jul |
1901.00 |
|
4 |
13-Jul |
1903.00 |
please choose the correct answers
| . |
$1800 can be withdrawn from the account at the close of Day 3 |
|
| b. |
You will get a margin call of $1500 at the close on Day 2 |
|
| c. |
$2000 can be withdrawn from the account at the close of Day 3 |
|
| d. |
$1400 can be withdrawn from the account at the close of Day 3 |
|
| e. |
$1500 can be withdrawn from the account at the close of Day 3 |
|
| f. |
You will get a margin call of $1800 at the close on Day 2 |
|
| g. |
You will get a margin call of $1200 at the close on Day 2 |
|
| h. |
You will not get a margin call at the close on Day 1 |
|
| i. |
You will get a margin call at the close on Day 1 |
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