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9 An investor takes a long position in five December gold futures contracts on June 5 Contract size is 100 oz. Futures price on June

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9 An investor takes a long position in five December gold futures contracts on June 5 Contract size is 100 oz. Futures price on June 5 is US$1450/oz Initial margin requirement is US$6,000 per contract Futures Price (loz) Margin Account Balance 00:56:46 Day 1 (Jun 5) Day 2 Day 3 1,455

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