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You sell three December gold futures contracts when the futures price is $410 per ounce. Each contract is on 100 ounces of gold and the initial margin per contract is $2,000. The maintenance margin per contract is $1,500. During the next seven days the futures price rises slowly to $412 per ounce. What is the balance of your margin account at the end of the seven days?

Need to know how the calculations are done step by step.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M940573

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