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Question - Ashley got into a long position of 5 September 2022 Silver contracts at 20.500. Each contract is for 5000 troy ounces of silver. The prices at COMEX exchange are quoted as dollars per troy ounces. Her broker asked her to deposit 5% of the position as the initial margin. The next two days the closing prices were as follows:
Closing Price
Day 1 20.05
Day 2 19.95
Required - What was her position initially?
the stockholders equity section of the balance sheet as december 31 2013 is as follows common stock 1 par value
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