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

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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 Numeric Response

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