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Suppose you enter into 2 June futures contracts to buy gold for $ 4 0 0 per ounce. The size of 1 contract is 1

Suppose you enter into 2 June futures contracts to buy gold for $400 per ounce. The size of 1
contract is 100 ounces. The initial margin is 5% of underlying assets, while the maintenance
margin is 75% of initial margin. Which of the following prices of gold (per ounce) will lead to a
margin call?

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