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Oil futures have a 1000 barrel contract size and an 8% initial margin requirement. If an investor takes a long position in one contract when

Oil futures have a 1000 barrel contract size and an 8% initial margin requirement.  If an investor takes a long position in one contract when the futures price is $32/barrel, what will be that investor's margin at the end of the second day when the futures price at the close of the market is $31.5/barrel?

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Fundamentals of Futures and Options Markets

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