Answer choices:

- Day 2 and 3

- Day 3

- Day 3 and 4

- Day 2

- Day 2 and 4

Day 2,3, and 4

- Day 4

Consider an investor that takes a long position in two gold futures contracts. Assume that the initial margin is $6,000 per contract. The maintenance margin is $4,500 per contract. Day Trade Price Settlement Price Daily Gain/Loss 1 1,250 1 1,241 - 1,800 2 1,230 -2,200 3 1,225 - 1,000 4 1,220 |-1,000 5 1,220 O The contract is entered into on Day 1 at $1,250 and closed out on Day 5 at $1,220. By the end of which days does the investor receive a margin call