If the contract size is 100 ounces and the initial margin, Financial Management

If the contract size is 100 ounces and the initial margin

Suppose that on October 24 you buy 10 March gold futures contracts for $250 per ounce. At 11:00 am on October 25 you buy 8 more contracts for $259.0 ounce. At the close of trading on October 25, gold futures settle for $260.5 ounce.

If the contract size is 100 ounces and the initial margin equals 2500, how much do you gain or lose as of the close?

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Financial Management: If the contract size is 100 ounces and the initial margin

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Financial Management: If the contract size is 100 ounces and the initial margin

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