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Alfred takes the short position on 1 0 oil futures contract at a futures price of $ 7 5 per barrel. Each contract is on
Alfred takes the short position on oil futures contract at a futures price of $per barrel. Each contract is on barrels of oil. Settlement prices on the next days are given as follows:Day Price $ $ $ $The exchange enforces an initial margin requirement of and a maintenancemargin of The minimum amount that Alfred must deposit in his futures margin account totake his desired positionis closest to:A $B $C $
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