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Anna decides to buy a Treasury note futures contract for delivery of $100,000 face amount in June, at a price of 11030.0. At the same
Anna decides to buy a Treasury note futures contract for delivery of $100,000 face amount in June, at a price of 11030.0. At the same time, Max decides to sell a Treasury note futures contract if he can get a price of 11030.0 or higher. The exchange, in turn, agrees to sell one Treasury note contract to Anna at 11030.0 and to buy one contract from Max at 11030.0. The price of the Treasury note decreases to 11014.0. Calculate Anna's balance on margin account. Assume that initial margin is $1,890.
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