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2. Yesterday, you entered into a futures contract to buy 62,500 at $1.50 per . Your initial performance bond is $1,500 and your maintenance level

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2. Yesterday, you entered into a futures contract to buy 62,500 at $1.50 per . Your initial performance bond is $1,500 and your maintenance level is $500. Suppose the futures price closes today at $1.48. What is your gain/loss from the futures contract today? Should you deposit additional funds into your performance bond account in order to maintain your contract position? How much should you deposit

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