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9 . On 3 / 1 at the end of the day, Melissa sold ( took a short position in ) 1 futures contract (
On at the end of the day, Melissa sold took a short position in futures contract one contract is agreement to buy or sell Euros at a rate of USD per Euro, contract expires on Initial margin$ and maintenance margin is $ On and the futures rate expiring on is USD and USD respectively. As per "Marked to Market" daily mechanism of currency futures contracts, what shall be Melissa's margin account balance at the end of Assuming that Melissa will not withdraw money from her margin account
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