ounce of gold trades

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Each ounce of gold trades for $2,000. Each futures contract involves 100 ounces of gold. The initial margin is

$9,000 per contract and the maintenance margin is 40% of the initial margin.   a. Consider the Bitcoin futures specifications in question (6). For the same amount of collateral, how much

more leverage can one obtain with gold futures compared to Bitcoin futures?   b. Why do you think gold futures allow more leverage than Bitcoin futures?

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