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Suppose the initial margin on heating oil futures is $ 8 , 9 0 0 , the maintenance margin is $ 8 , 0 0
Suppose the initial margin on heating oil futures is $ the maintenance margin is $ per contract, and you establish a long position of contracts today, where each contract represents gallons. Tomorrow, the contract settles down $ from the previous day's price. What is the maximum price decline on the contract that you can sustain without getting a margin call? A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to decimal places.
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