Intro A trader is long 3 futures contracts to buy gold for $873 per ounce....
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Intro A trader is long 3 futures contracts to buy gold for $873 per ounce. Each contract is for 100 ounces of gold. The initial margin requirement is $78,570 and the maintenance margin requirement is $58,928. Part 1 Attempt 1/5 for 10 pts. What futures price would trigger a margin call? Part 2 Attempt 1/5 for 10 pts. Given the situation described in the intro, what futures price would lead to $8,000 being withdrawn from the margin account
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