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A company enters into a long futures contract to buy 1,000 barrels of oil for $20 per barrel. The initial margin is $6,000 and the

A company enters into a long futures contract to buy 1,000 barrels of oil for $20 per barrel. The initial margin is $6,000 and the maintenance margin is $4,000. how much will the company gain or lose on its futures position if oil price will increase to $23 per barrel

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