Possible maximum price of set50 index futures

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You short 20 contracts of July SET50 index futures at 1,500. The multiplier of SET50 index futures is THB 200 per an index point. The initial margin is 6% and the maintenance margin is 5% of the contract value. What is the possible maximum price of SET50 index futures that you will not receive a margin call? Assume that the risk-free rate is zero.

Reference no: EM133111392

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