Question on futures contract on gold. Suppose that the spot price of gold is $1,210 an ounce but the futures price is $1,265. Since the contracts are for 100 ounces of gold, a contract is work $126,500. The margin requirement is $5,000 a contract. You expect the price of gold to rise and enter a contract to buy a gold contract. How much do you have to initially remit to the broker? Select one: a $126,500 ob $1,210 $1,265 Od $5,000