Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

You sell three December gold futures contracts when the futures price is $410 per ounce. Each contract is on 100 ounces of gold and the initial margin per contract is $2,000. The maintenance margin per contract is $1,500. During the next seven days the futures price rises slowly to $412 per ounce. What is the balance of your margin account at the end of the seven days?

Need to know how the calculations are done step by step.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M940573

Have any Question? 


Related Questions in Basic Finance

A researcher conducts a 2 times 3 times 2 factorial study

A researcher conducts a 2 × 3 × 2 factorial study with 20 participants in each treatment condition. a. If the researcher uses an exclusively between-subjects design, how many individuals participate in the entire study? ...

Many grocery stores and large retailers such as wal-mart

Many grocery stores and large retailers such as Wal-Mart and K-Mart have installed self checkout systems so shoppers can scan their own items and cash out themselves. How do customers like this service and how often do t ...

1 identity theft what constitutes identity theft2 identity

1. Identity Theft. What constitutes identity theft? 2. Identity Theft. Is identity theft only perpetrated to acquire money, goods, or services? 3. Impact of Identity Theft. Aside from the financial losses, what other neg ...

A 4775 kg crate slides down a 5313 slope inclined plane

A 47.75 kg crate slides down a 53.13* slope (inclined plane) that is 36.00 m in length and has a kinetic friction coefficient of 0.444.   The create is given a downward speed of only 4.5 m/s as it starts down from the to ...

Use the normal distribution of fish lengths for which the

Use the normal distribution of fish lengths for which the mean is 8 inches and the standard deviation is 5 inches. Assume the variable x is normally distributed. What percent of the fish are longer than 11 inches? If 500 ...

1 what are the primary benefits from investing in real

1. What are the primary benefits from investing in real estate income property? 2. What factors would result in a property increasing in value over a holding period? 3. How do you think expense stops and CPI adjustments ...

1 describe one historical incident in which human

1. Describe one historical incident in which human participants were injured or abused as part of a research study. Describe how the injury or abuse would have been avoided if the researchers had followed today's ethical ...

1 explain the rationale behind time series designs2

1. Explain the rationale behind time series designs. 2. Describe the simple interrupted time series design. 3. Why is contemporary history a threat to internal validity in a simple interrupted time series design?

Define the endurance limit of a bolt which is greater the

Define the endurance limit of a bolt ? Which is greater, the static yield strength or the endurance limit of the bolt? When will an increase in preload increase fatigue life? When will an increase in preload decrease fat ...

Problems about the ability of borrowers to meet mortgage

Problems about the ability of borrowers to meet mortgage payments and the evolution of fixed interest rate mortgages with various payment patterns were discussed. Why didn't this evolution address problems faced by lende ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen