You sell one March futures contracts when the futures price is $1,025 per unit. Each...
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Accounting
You sell one March futures contracts when the futures price is $1,025 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $3,200. The maintenance margin per contract is $2,550. During the next day the futures price drops to $1,012 per unit. What is the balance of your margin account at the end of the day?
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