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Question 2: An investor takes a long position in one gold futures contract on 3 June. The future prices is $454/ oz. on 3 June.

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Question 2: An investor takes a long position in one gold futures contract on 3 June. The future prices is $454/ oz. on 3 June. The contract size is 100oz. The investor holds the position open until selling it on 10 June. The initial margin requirement is $500 /contract and the maintenance margin is $350 /contract. Assume the investor deposits the initial margin and does not withdraw the excess on any given day. Copy the below table in your answer book and fill out all entries in the table. (Total: 8 marks)

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