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Futures price of March 22 Brent Crude Oil contract is 80 USD per barrel, 1 contract refers to 1000 barrel. Investors enters a long position

Futures price of March 22 Brent Crude Oil contract is 80 USD per barrel, 1 contract refers to 1000 barrel. Investors enters a long position in 5 futures contracts. How high is the initial margin, if clearing house requires 10% of tthe contract value? (calculation is required)

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