Question: I need help to answer this question. Thank you! Question 7 (25 points) You have decided to short one gold contract (reminder: gold contracts are

I need help to answer this question. Thank you! Question 7

I need help to answer this question. Thank you!

Question 7 (25 points) You have decided to short one gold contract (reminder: gold contracts are based on 100 ounces). The initial margin is $10,000, and the maintenance margin is $6,000. On the first day of trading gold drops by $45 per ounce. Your margin balance is _______________ and your margin call is ________________. 0 $5,500; $500 0 $4,500; $5,500 0 $4,500; $1,500 0 None of the choices are correct 0 $5,500; $4,500

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