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The futures price of gold is $1,200. Futures contracts are for 100 ounces of gold, and the margin requirement is $6,000 a contract. The maintenance

The futures price of gold is $1,200. Futures contracts are for 100 ounces of gold, and the margin requirement is $6,000 a contract. The maintenance market requirement is $1,800. You expect the price of gold to rise and enter into a contract to buy gold.

a. How much must you initially remit? Round your answer to the nearest dollar. $

b. If the futures price of gold rises to $1,265, what is the profit and return on your position? Round your answer for profit to the nearest dollar and for return to the nearest whole number. Profit: $ Return: %

c. If the futures price of gold declines to $1,172, what is the loss on the position? Round your answer to the nearest dollar. Enter the answer as a positive value. $

d. If the futures price declines to $1,138, what must you do? Round your answer to the nearest dollar. Enter the answer as a positive value. The investor will have to -- $ to restore the initial $6,000 margin.

e. If the futures price continues to decline to $1,122, how much do you have in your account? Round your answer to the nearest dollar. $

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