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Suppose the initial margin on heating oil futures is $8,400, the maintenance margin is $7,200 per contract, and you establish a long position of 10

Suppose the initial margin on heating oil futures is $8,400, the maintenance margin is $7,200 per contract, and you establish a long position of 10 contracts today. Each contract represents 42,000 gallons. What is the maximum price decline (in dollars per gallon) on each contract that you can sustain without getting a margin call?

$120

$.0286

$.20

$.1714

None of the above

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