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Suppose you take a long position in a 3-month (90-day) T-bill futures contract at RD = 5%, how much cash would you have to

 

Suppose you take a long position in a 3-month (90-day) T-bill futures contract at RD = 5%, how much cash would you have to deposit to satisfy an initial margin requirement of 5%? (Hint: face value is $1,000,000)

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