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If the required margin for a futures contract is 3 0 % of the position s value. You take a long position on the futures.

If the required margin for a futures contract is 30% of the positions value. You take a long position on the futures. The value of position initially is $1,000. How much is the margin that you should post? When the futures price falls to $800, how much should you deposit to the margin account?

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