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For the operation of margin account for a long position in three gold futures contracts, the initial margin is $5,000 per contract. If the maintenance

For the operation of margin account for a long position in three gold futures contracts, the initial margin is $5,000 per contract.

If the maintenance margin is $3,200 per contract and the current trade price is $2,200,at what price would there be a margin call?

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Recommended Textbook for

Fundamentals of Futures and Options Markets

Authors: John C. Hull

8th edition

978-1292155036, 1292155035, 132993341, 978-0132993340

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