One Gold futures contract trades in units of 100 ounces of gold, the minimum initial...
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One Gold futures contract trades in units of 100 ounces of gold, the minimum initial margin requirement is $9,000 per contract. Suppose you bought one contract at $1500/ounce using the $9,000 minimum initial margin and the price spiked to $1550/ounce on an active trading day. The daily percentage profit or loss in your margin account is a __________. B. gain of 3.33% A. gain of 55.6% C. loss of 3.33% D. loss of 55.6%
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