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Suppose an investor has a $10 million long position in T-bond futures. The investors broker a requires a maintenance margin of 6.4 percent. Suppose also

Suppose an investor has a $10 million long position in T-bond futures. The investors broker a requires a maintenance margin of 6.4 percent. Suppose also that the value of the futures contract drops by $539,894. How much will the investor be required to pay his broker to maintain his margin?

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