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n You bought 3 Crude oil futures contract from NYMEX (Contract size is 1000 barrels). The initial margin requirement is US$2,500/contract and the maintenance margin
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You bought 3 Crude oil futures contract from NYMEX (Contract size is 1000 barrels). The initial margin requirement is US$2,500/contract and the maintenance margin is US$1,500/contract. You will get a margin call if your cumulative loss is higher than $1000 I your cumulative loss is higher than $3000 your cumulative loss is higher than $2500 your cumulative loss is higher than $1500
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The detailed answer for the above question is provided below Ans your cumulative loss is higher ...
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
