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One investor entered into one gold future contract, the initial margin is $ 40,000 and the maintenance margin is $ 24,000. If one day after
One investor entered into one gold future contract, the initial margin is $ 40,000
and the maintenance margin is $ 24,000. If one day after the closing of market, there
is $23,600 on the margin account, then next day he supposes to transfer how much
into his margin account to avoid close out?
A. $24,000
B. $40,000
C. $16,000
D. $16,400
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