d) What is marking-to-market? (5 marks) e) Use the following data for gold and platinum futures (where prices are in dol

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D What Is Marking To Market 5 Marks E Use The Following Data For Gold And Platinum Futures Where Prices Are In Dol 1 (105.02 KiB) Viewed 38 times

Suppose that you go short two contracts of April platinum
futures on January 20 and long three contracts of June gold on
January 21. Then how much the value of your portfolio at the
closing of January 22 has changed by?
(5 marks)
d) What is marking-to-market? (5 marks) e) Use the following data for gold and platinum futures (where prices are in dollars per troy ounce and margin account balances do not earn any interest) to answer the questions that follow: Trading June Gold Futures April Platinum Futures Date 100 troy oz. per contract 50 troy oz. per contract Jan 20 1,594.50 1,874.50 Jan 21 1,592.40 1,878.50 Jan 22 1,597.70 1,883.10 MacB