Operation of margin account for a long position in two gold futures contracts. The initial margin is $6,000 per contract, or $12,000 in total; the maintenance margin is $4,500 per contract, or $9,000 in total. The contract is entered into on Day 1 at $1,250 and closed out on Day 16 at $1,226.90. Day Trade price Settlement Daily gain Cumulative Margin account Margin call ($) ($) price ($) ($) gain ($) balance ($) 1 1,250.00 12,000 1,241.00 11. -1,800 10,200

Operation of margin account for a long position in two gold futures contracts. The initial margin is $6,000 per contract, or $12,000 in total; the maintenance margin is $4,500 per contract, or $9,000 in total. The contract is entered into on Day 1 at $1,250 and closed out on Day 16 at $1,226.90. Day Trade price Settlement Daily gain Cumulative Margin account Margin call ($) ($) price ($) ($) gain ($) balance ($) 1 1,250.00 12,000 1,241.00 11. -1,800 10,200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2
1,238.30
-540
12.
9,660
1,244.60
1,260
13.
10,920
4
1,241.30
-660
-1,740
14.
1,240.10
-240
-1,980
10,020
1,236.20
-780
-2,760
9,240
7
1,229.90
15.
-4,020
16.
17.
8
1,230.80
180
-3,840
12,180
1,225.40
-1,080
-4,920
11,100
10
1,228.10
540
-4,380
11,640
11
1,211.00
-3,420
-7,800
18.
19.
12
1,211.00
-7,800
12,000
13
1214,30
20.
-7,140
12,660
14
1,216.10
360
-6,780
13,020
15
1,223.00
1,380
-5,400
14,400
16
1,226.90
780
-4,620
15,180
3.
6.

Operation of margin account for a long position in two gold futures contracts. The initial
margin is $6,000 per contract, or $12,000 in total; the maintenance margin is $4,500 per
contract, or $9,000 in total. The contract is entered into on Day 1 at $1,250 and closed out on
Day 16 at $1,226.90.
Day
Trade price
Settlement
Daily gain
Cumulative
Margin account
Margin call ($)
($)
price ($)
($)
gain ($)
balance ($)
1
1,250.00
12,000
1
1,241.00
11.
-1,800
10,200

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