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27. On Monday you sell 5 June Gold futures contract for $1,978.44. One Gold Futures contract is for 100 troy oz. The initial margin requirement

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27. On Monday you sell 5 June Gold futures contract for $1,978.44. One Gold Futures contract is for 100 troy oz. The initial margin requirement is $4,700 per contract. Use the following daily closing price data: At the close of day Wednesday your cumulative gain/loss on your investment is A. $2,970.00 B. $780.00 C. $2,190.00 D. $5,160.00

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