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roblem 14-12 Marking to Market (LO2, CFA2) ou are long 13 gold futures contracts, established at an initial settle price of $1491 per ounce, where

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roblem 14-12 Marking to Market (LO2, CFA2) ou are long 13 gold futures contracts, established at an initial settle price of $1491 per ounce, where each contract represents 100 oy ounces. Your initial margin to establish the position is $12.000 per contract and the maintenance margin is $11.200 per contract wer the subsequent four trading days, gold settles at $1.480, $1,476, $1.486, and $1.496, respectively ompute the balance in your margin account at the end of each of the four trading days, and compute your total profit or loss at the nd of the trading period. Assume that a margin call requires you to fund your account back to the initial margin requirement. For days which a deposit is necessary, give the margin balance after the required deposit (Leave no cells blank - be certain to enter ** wherever required. Input all amounts as positive values. The daily margin amount is the daily balance prior to any margin call for that day.) Margin Account Total Profiloss Margin Call Days Day 1 Day 2 Daya Day & Total

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