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QUESTION
An investor takes a long position of 10 gold futures contract. The contract size is 100 ounces. The gold futures price is $1,500 per ounce and the...
An investor takes a long position of 10 gold futures contract. The contract size is 100 ounces. The gold futures price is $1,500 per ounce and the initial margin is $60 per ounce. Suppose the futures price becomes $1,536 next month and he sells to close the futures. Calculate the rate of return.
