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QUESTION
Assume that Gold had a price on day zero of $1,950/ounce and that both the short and long futures position initially were required to post a margin...
Assume that Gold had a price on day zero of $1,950/ounce and that both the short and long futures position initially were required to post a margin of $4,000. On day one the price of gold changes to $2,150. What is new value of the long futures margin account?
