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Assume the initial margin for gold futures is $3,000 per contract and the maintenance margin is $2,000. Each contract is for 100 ounces of gold. Today you take a short position in one gold futures contract at a price of $300 per ounce. Tomorrow the settlement price (closing price) of gold futures is $292 per ounce. May you take money from your margin account or must you put money into your margin account? If so, how much?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92384106

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