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You short one December gold futures contracts when the futures price is $1,210 per ounce. Each contract is on 100 ounces of gold and the

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You short one December gold futures contracts when the futures price is $1,210 per ounce. Each contract is on 100 ounces of gold and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price rises to $ 1,208 per ounce. What is the balance of your margin account at the end of the day? Note: Please provide only numerical answers to each question. Do not include any symbols other than the decimal point, such as the $ or % sign, or any text in your

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