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Jon establishes a long position of one T-bond future today for a settiement price of 101 '02. The exchange requires an initial margin of $2700

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Jon establishes a long position of one T-bond future today for a settiement 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 settement pricet0104 The margin account balance at the end of Day 1 is dollars Numeric Response

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