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A few days ago, you entered into 5 futures contracts to buy a stock index at $ 3 , 3 2 3 . Your initial
A few days ago, you entered into futures contracts to buy a stock index at $
Your initial margin was exactly of the value of the transaction. Now, a few days
into the contract, the settlement price is $ and you are receiving a margin call
asking for additional funds to be posted. What could be the maintenance margin?
Please calculate its lowest possible level for it
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