If the contract price declines by 25 basis points by how

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Assume the initial margin on a Eurodollar futures contract is $878 and the maintenance margin is $650 (the contract size is $1 million). If the contract price declines by 25 basis points, by how much do the long and short positions" margin balances change? Which position, if any, gets a margin call?

Reference no: EM13569165

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