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Suppose the initial margin on heating oil futures is $12, 500, the maintenance margin is $11,000 per contract, and you establish a long position of

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Suppose the initial margin on heating oil futures is $12, 500, the maintenance margin is $11,000 per contract, and you establish a long position of 15 contracts today, where each contract represents 36,000 gallons. Tomorrow, the contract settles down $.07 from the previous day's price. Are you subject to a margin call? What is the maximum price decline on the contract that you can sustain without getting a margin call

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