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You short 38 futures contracts of gold (contract size = 100 oz.). The current futures price is $1,823 per ounce. The initial margin requirement is

You short 38 futures contracts of gold (contract size = 100 oz.). The current futures price is $1,823 per ounce. The initial margin requirement is $9,800 per contract. The maintenance margin is $8,700 per contract. At what price level would you receive a margin call?

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