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Futures Contract Assignment | Homework For You

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May 22nd, 2020
Bounty Gold Miners Inc.’s futures contract specifies the delivery of 1,000 troy ounces of gold. Anna Antony bought ten contracts at $1,180 per troy ounce through a broker. The initial overnight margin is $121,540 per contract and the maintenance margin is $88,500. The contract is settled for $1,120 per troy ounce the next day. Anna will have to provide an additional margin of: $269,600 $600,000 $0.. Get Finance homework help todayHomework For You

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