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What is the balance of your margin account at the end

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Question - 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 $2,000. The maintenance margin per contract is $1,500. During the next day, the futures price rises to $1,012 per unit. What is the balance of your margin account at the end of the day? 

a. $1800

b. $2200

c. $200

d. $2000

Reference no: EM132983713

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