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arted: May 14 at 2:48pm puiz Instructions Question 13 6 pts An investor purchases one December gold futures contracts from New Your Mercantile Exchange (NYME). Now is July 5. . The contract size of one gold futures is 100 ounce. The initial margin requirement is $2000 per contract. The maintenance margin is $1500 per contract. This investor deposited $2000 in his margin account. The current December futures price is $370 per ounce. If the December futures price decreased to $352 on July Z, then what happen to his margin account? Assume that he will deposit the exact amount to meet the required margin upon any margin call. He has to deposit extra money by more than $500 but less than $1,000. He has to deposit extra money by more than $1,500. He has to deposit extra money by more than $1000 but less than $1,500. Nothing happen. He does not have to do anything about his margin account. He has to deposit extra money by less than $500. Previous Next