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A trader buys five July futures contracts on crude oil. Each contract is for the delivery of 1,000 barrels. The current futures price is 28.2
A trader buys five July futures contracts on crude oil. Each contract is for the delivery of 1,000 barrels. The current futures price is 28.2 dollars per barrel, the initial margin is $9,000 per contract, and the maintenance margin is $6,500 per contract. What price change would lead to a margin call?
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