Find dollar amount of the maintenance margin

Reference no: EM1344430

An American company sells yen futures contracts to cover possible exchange losses on its export orders denominated in Japanese yen. The amount of the initial margin is $20,000, and the maintenance margin is 75 percent of the initial margin. The value of the company's position declines by $6,000 because the spot rate for yen has increased. What is the dollar amount of the maintenance margin?

Reference no: EM1344430

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