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Jack Hemmings bought a 3 - month British pound futures contract for $ 1 . 4 4 0 0 . The initial margin is $
Jack Hemmings bought a month British pound futures contract for $ The initial margin is $ and the maintenance margin is $ Each pound futures contract is for an amount of Next day the dollar appreciates to a value of $ What will the margin account balance be after the contract is marked to market daily settlement
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