3.An investor enters along position in a gold futures contract at $294. Each contract controls100...
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3.An investor enters along position in a gold futures contract at $294. Each contract controls100 troy ounces. The initial margin is $3,200 and the maintenance margin is $2,900. Which of the following scenarios would lead to a margin call? (a)The next day spot price drops to $291.1 (b)The next day spot price drops to $290.3 (c)The next day spot price goes up to $294.3(d)None of the above
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