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A trader buys a 90-day Eurodollar futures contract at 94.85. The next day, interest rates rise to 5.325%. What is the variation margin? Assume the

A trader buys a 90-day Eurodollar futures contract at 94.85. The next day, interest rates rise to 5.325%. What is the variation margin? Assume the contract multiplier is $25/basis point.

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