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At the close of futures trading on February 8 , 2 0 2 4 , a clearing house member is long 1 0 0 contracts
At the close of futures trading on February a clearing house member is long contracts and the settlement price is $ per contract. The original margin is $ per contract. On February the member becomes responsible for clearing an additional long contracts, entered into at a price of $ per contract. The settlement price for February is $ How much does the member have to add to its margin account with the exchange clearing house? Note that the clearing house member would typically be handling multiple retail trading clients. This question is about a clearing house member, not an individual trader.
Enter your answer in round dollars without a comma, ex should be entered as
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