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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 5.5%. Next day the value of

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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 5.5%. Next day the value of the futures contracts drops by $60,000 to $940,000. By what amount he will receive a margin call? $56,700 $60,000 O $47,000 O NOT ENOUGH DATA TO ANSWER $57,000 $50,000

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