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Intro A trader is long 5 futures contracts to buy gold for $953 per ounce. Each contract is for 100 ounces of gold. The initial
Intro A trader is long 5 futures contracts to buy gold for $953 per ounce. Each contract is for 100 ounces of gold. The initial margin requirement is $142,950 and the maintenance margin requirement is $107,213. Attempt 1/8 for 10 pts. Part 1 What futures price would trigger a margin call? 0+ decimals Submit Part 2 Attempt 1/8 for 10 pts. Given the situation described in the intro, what futures price would lead to $8,000 being withdrawn from the margin account? 0+ decimals Submit
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