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You are long 1 0 gold futures contracts, established at an initial settle price of $ 1 , 3 0 0 per ounce, where each

You are long 10 gold futures contracts, established at an initial settle price of $1,300 per ounce, where each contract
represents 100 troy ounces. Your initial margin to establish the position is $12,000 per contract and the maintenance margin is
$11,200 per contract. Over the subsequent four trading days, gold settles at $1,295,$1,290,$1,305, and $1,315, respectively.
Compute 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 end of the trading period. Assume that a margin call requires you to fund your account back to the initial margin
requirement. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. The
daily margin amount is the daily balance prior to any margin call for that day.)
Answer is complete but not entirely correct.
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