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8 Jon establishes a long position of one T-bond future today for a settlement price of 10120. The exchange requires an initial margin of $2400

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8 Jon establishes a long position of one T-bond future today for a settlement price of 10120. The exchange requires an initial margin of $2400 and a maintenance margin of $2200. Below are the next day closing price on this contract. Day 1: settlement price10112 The margin account balance at the end of Day 1 is dollars

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