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7. Your broker requires an initial margin of $1,600 and a maintenance margin of $1,100 on Treasury note futures. Treasury note futures contracts are based

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7. Your broker requires an initial margin of $1,600 and a maintenance margin of $1,100 on Treasury note futures. Treasury note futures contracts are based on a $100,000 par value and quoted in points and one-half of 1/32 of a point. You own one Treasury futures contract that had a closing settlement quote of 113'245 yesterday. Today, the settlement quote is 112'265. Your margin balance at yesterday's close was S1,200. All margin calls restore margin levels to their initial level. Will you receive a margin call based on today's settlement quote and if so, for what amount

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