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A company enters into a long position in the futures market to buy $ 1 million dollars at 2 0 TL per dollar. The initial

A company enters into a long position in the futures market to buy $

1

million dollars at

20

per dollar. The initial margin for this position is

2

million TL and the maintenance margin is

1.5

million TL

.

At what level of USD

/

TRY parity, would this investor get a margin call?

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