What is the balance of margin account

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You sell one December futures contract when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $3,000. The maintenance margin per contract is $1,500. During the next day the futures price falls to $1,007 per unit. What is the balance of your margin account at the end of the day?

Reference no: EM133121624

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