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On Monday you buy 8 June Gold futures contract for $1,683. One Gold Futures contract is for 100 troy oz. The initial margin requirement is

On Monday you buy 8 June Gold futures contract for $1,683. One Gold Futures contract is for 100 troy oz. The initial margin requirement is $5,200 per contract. Use the following daily closing price data: At the close of day on Tuesday your cumulative gain/loss on your investment is A. $1,200 B. $780 C. $3,200 D. $6,400 E. $9,600

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