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A trader is long 9 futures contracts to buy gold for $ 1 , 0 3 8 per ounce. Each contract is for 1 0
A trader is long futures contracts to buy gold for $ per ounce. Each contract is for ounces of gold. The initial margin requirement is $ and the maintenance margin requirement is $
Part A What futures price would trigger a margin call?
PART B Given the situation described in the intro, what futures price would lead to $ being withdrawn from the margin account?
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