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Suppose the initial margin on heating oil futures is $14,000, the maintenance margin is $12,000 per contract, and you establish a long position of 12

Suppose the initial margin on heating oil futures is $14,000, the maintenance margin is $12,000 per contract, and you establish a long position of 12 contracts today, where each contract represents 30,000 gallons. Tomorrow, the contract settles down $.01 from the previous days price. What is the maximum price decline on the contract that you can sustain without getting a margin call?

Margin Call:______cents per gallon

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