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Jon establishes a long position of one T - bond future today for a settlement price of 1 0 1 . 0 2 . The

Jon establishes a long position of one T-bond future today for a settlement price of 101.02. The exchange requires an initial margin of $2700 and a maintenance margin of $2500. his contract price next day is :
Day 1: settlement price101'04
The margin account balance at the end of Day 1 is dollars
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