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Draw a table to show daily settlement price

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Question - MEX launches 50gram gold February contract and you wish to establish 3 short position for the same. Initial margin required for the contract is Rs.5000 and maintenance margin is Rs.3000. The price will be quoted per 10gram basis and you will start trading with initial margin required plus 20 percent additional cash. Draw a table to show daily settlement price, marking to margin, additional margin, final equity?

Reference no: EM133007800

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