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You are long 5 gold futures contracts, established at an initial settle price of 1 , 4 0 0 per troy ounce, where each contract

You are long 5 gold futures contracts, established at an initial settle price of 1,400 per troy ounce, where each contract is 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 the following prices, $1,292, $1,290,$1,100 and $1,315
a. Compute the balance in your margin account at the end of each of the four trading days. 4 pts.
i. $1,292 :
ii. $1,290 :
iii. $1,100 :
iv. $1,315 :
b. Compute your total profit or loss at the end of the four-day trading period.2pts
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