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A company enters into a long futures gold contract to buy 1 0 0 ounces of gold for $ 1 2 0 0 per ounce.

A company enters into a long futures gold contract to buy 100 ounces of gold for $1200 per ounce. The initial margin is $3000 per contract and the maintenance margin is $2000 per contractQ1. A company enters into a long futures gold contract to buy 100 ounces of gold for $1200 per
ounce. The initial margin is $3000 per contract and the maintenance margin is $2000 per contract.
(1) What price change would lead to a margin call?
(2) What is the margin call price?
(3) What circumstances could $2000 can be withdrawn from the margin account?
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