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Q8: Ahmed has just taken a long position in a futures contract for 300 ounces of gold to be delivered in September. Raja has just

Q8: Ahmed has just taken a long position in a futures contract for 300 ounces of gold to be delivered in September. Raja has just taken a short position in the same contract. The futures price is AED 165 per ounce. Initial margin requirement is 15%Will there be a margin call if the price goes up to AED 250? Compute the account balance for both?

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