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Question on futures contract on gold. Suppose that the spot price of gold is $1,800 an ounce but the futures price is $1,850. Since the

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Question on futures contract on gold. Suppose that the spot price of gold is $1,800 an ounce but the futures price is $1,850. Since the contracts are for 100 ounces of gold, a contract is worth $185,000. The margin requirement is $10,000 a contract. If the futures price declines to $1,750, what is your gain or loss on your position? Select one: a $10,000 b. $5,000 O $5,000

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