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An investor takes a long position in a 3 December gold futures contract on June 5 , the contract size is 1 0 0 o

An investor takes a long position in a 3 December gold futures contract on June 5, the contract size is 100oz. and the futures price is $900. An FCM sets the Initial Margin requirement for $2,500 per contract with a Maintenance Margin of $2,000 per contract. Using the provided information, calculate the daily price fluctuations and determine if this investor will ever receive a Margin call and the amount of the margin call.
Hint: there are three contracts. Calculate the total initial and maintenance margins before proceeding with your other calculations.
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