Futures Contract Assignment | Homework For You
May 23rd, 2020
Question 5 1 pts 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: $0. $269,600 $600,000. Get Finance homework help today
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