What gold futures price per ounce will trigger a margin call

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Reference no: EM13721560

A company enters into a long futures contract to buy 200 ounces of gold for $1,257 per ounce. The initial margin is $4,000 and the maintenance margin is $1,000. What gold futures price per ounce will trigger a margin call? (Margin of error: +/- $1)

Reference no: EM13721560

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