Question 1. Margin Account and Settlement (6 marks) SUPPOSE thet you bought two one-year gold futures contracts when the one-year futures was US$1 340.30 per troy ounce You then closed the poskion at the end of the By The Intel margin requirement Is 1985, 940 per contract and the nance margin regulrement Is US$5, 400 per cont One contract Is for 100 troy ounces of gold. The cally prices on the Intervening trading days are shown In the following DEY Settlement Price 13 40.30 13 45.50 1363.20 1380.60 1327.70 1387.70 1340.60 Assume that you deposit the Initial margin and do not withdrew the excess on any given day. Whenever a margin call poours on Dep t you would make a depos : to bring the be ance up to meet the Inthe margin regulrement at the start of trading on DBy t+1, Le., the next da What are the Initle margin and maintenance margin on your margin accounts [1 mark)