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At the end of one day a clearing house member is long 1 2 0 contracts, and the settlement price is $ 4 5 ,
At the end of one day a clearing house member is long contracts, and the settlement price is $ per contract. The original margin is $ per contract. On the following day the member becomes responsible for clearing an additional long contracts, entered into at a price of $ per contract. The settlement price at the end of this day is $ How much does the member have to add to its margin account with the exchange clearing house?
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