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An investor purchases 10 futures contracts priced at $100 each. The initial margin is $20 per contract and the maintenance margin is $10 per contract.

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An investor purchases 10 futures contracts priced at $100 each. The initial margin is $20 per contract and the maintenance margin is $10 per contract. The investor most likely be required to post variation margin if the end-of-day prices over the next three days are: Day 1: $102, Day 2: $108; Day 3: S104 Day 1: 895, Day 2: 891; Day 3: 587 Day 1: $95; Day 2: $94; Day 3: 598 Day 1: 599, Day 2: 597, Day 3: 895 Day 1: $106; Day 2: $100; Day 3: 894

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