The current price of gold is $642 per troy ounce. Assume that you initiate a long position in 10 COMEX gold futures contracts at this price on 7-July-2006. The initial margin is 5% of the initial price of the futures, and the maintenance margin is 3% of the initial price. Assume the following evolution of gold futures prices over the next five days, and compute the margin account assuming that you meet all margin calls. 

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Date 7-Jul-06 8-Jul-06 9-Jul-06 10-Jul-06 11-Jul-06 12-Jul-06 Price per Ounce 642 640 635 632 620 625