Suppose that the July gold futures has increased $4 by today's close.The holder of a long position in three contracts (contract size = 100 oz. ) :
A) will have her margin account increase by $400 today
B) will have her margin account decrease by $1,200 today
C) will have her margin account increase by $1,200 today
D) nothing will happen now,but she will be rewarded in July
E) None of these answers are correct.
Correct Answer:
Verified
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