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AcadiFi
Futures MarketsMedium

Fairview Trading goes long 5 gold futures contracts at $2,050/oz. Each contract covers 100 oz. Initial margin is $9,000 per contract and maintenance margin is $6,750 per contract. On Day 1, gold settles at $2,028/oz. What is Fairview's margin account balance after Day 1 settlement, and is a margin call triggered?

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