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Business, 04.01.2021 19:40 myanniespencer39
Given the following information on a gold futures contract, calculate the net profit/loss for the contract buyer if the spot price of gold drops to $1,100/troy oz.
Futures Contract Price
$1,200.00/troy oz
Initial Spot Price
$1,200.00/troy oz
Contract Size
100 troy oz
Number of Contracts
20
Initial Margin Per Contract
$5,000/contract
Maintenance Margin Per Contract
$4,500/contract
Tick Size
$0.10/troy oz
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Answers: 3
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Given the following information on a gold futures contract, calculate the net profit/loss for the co...
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