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Intro Yesterday, you entered into a futures contract to sell 62,500 at $1.58/. Your initial margin was $3,950 (= 0.04 62,500 $1.58/ = 4 percent

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Intro Yesterday, you entered into a futures contract to sell 62,500 at $1.58/. Your initial margin was $3,950 (= 0.04 62,500 $1.58/ = 4 percent of the contract value in dollars). Your maintenance margin is $800 (meaning that your broker leaves you alone until your account balance falls to $800). Part 1 * Attempt 1/10 for 10 pts. At what settle price (use 4 decimal places) do you get a margin call? 2+ decimals Submit

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