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. An investor has a $1 million long position in T-bond futures. The investor's broker requires a maintenance margin of 4%, or $40,000 ($1m x

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. An investor has a $1 million long position in T-bond futures. The investor's broker requires a maintenance margin of 4%, or $40,000 ($1m x 0.04), which is the amount currently in the investor's account. Suppose the value of the futures contracts drops to $970,000. The investor needs to write a check of $ ( futures exchange for the marked to market IMR and MMR, the investor's account a. 10,000 b. 20,000 c. 28,800 d. 32,200 e. 31645 f. 38880 g. 61450 Oh. 43250 ) to the

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