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Category > Accounting Posted 31 Jul 2017 My Price 5.00

maintenance margin

The futures price of gold is $650. Futures contracts are for 100 ounces of gold, and the margin requirement is $5,000 a contract. The maintenance margin requirement is $1,500. You expect the price of gold to rise and enter into a contract to buy gold.
a) How much must you initially remit?
b) If the futures price of gold rises to $655, what is the profit and percentage return on your position?
c) If the futures price of gold declines to $648, what is the loss and percentage return on the position?
d) If the futures price falls to $638, what must you do?
e) If the futures price continues to decline to $632, how much do you have in your account?
f) How do you close your position?

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Maurice Tutor
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Status NEW Posted 31 Jul 2017 11:07 AM My Price 5.00

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