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An investor takes a long position in 2 November gold futures contracts on July 10. The contract size is 100 oz. The current gold futures

An investor takes a long position in 2 November gold futures contracts on July 10. The contract size is 100 oz. The current gold futures price is US$1900. The initial margin requirement is US$5,000 per contract and maintenance margin is US$4,500/contract. The following table shows the futures price at the close of the following dates:

Day

Date

Price

1

10-Jul

1896.00

2

11-Jul

1894.00

3

12-Jul

1901.00

4

13-Jul

1903.00

please choose the correct answer

.

$1800 can be withdrawn from the account at the close of Day 3

b.

You will get a margin call of $1500 at the close on Day 2

c.

$2000 can be withdrawn from the account at the close of Day 3

d.

$1400 can be withdrawn from the account at the close of Day 3

e.

$1500 can be withdrawn from the account at the close of Day 3

f.

You will get a margin call of $1800 at the close on Day 2

g.

You will get a margin call of $1200 at the close on Day 2

h.

You will not get a margin call at the close on Day 1

i.

You will get a margin call at the close on Day 1

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