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(The following applies to the next two problems.) On March 6, 2023, you bought the AA100 stock index futures contract at 1,000 and were required

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(The following applies to the next two problems.) On March 6, 2023, you bought the AA100 stock index futures contract at 1,000 and were required to pat up initial margin of $8,000. The value of the contract is 1,000 times the $100 multiple, or $100,000. On the next three days, the contract's settlement price was at these levels: day 1:990 day 2:965 day 3:940. 2. (10 points) Calculate the value of your margin account on each day. Day 0: $8,000 Day 1: Day 2: Day 3: 3. (10 points) If the maintenance margin for the contract is $4,000, how much variation margin did the exchange require you to put up at the end of the third day

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