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At the beginning of the day, you entered into a futures contract to buy 100 shares of ABC stock at $100. The initial margin was

At the beginning of the day, you entered into a futures contract to buy 100 shares of ABC stock at $100. The initial margin was $1,000. At the end of the day, ABC's stock price was $97. What was the balance on your margin account?

A. $300

B. $700

C. -$300

D. None of the above.

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