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Yesterday, Jay entered into a futures contract to buy Canadian Dollars at $0.7705 per CAD. Suppose the futures price closes today at $0.7800 per CAD.

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Yesterday, Jay entered into a futures contract to buy Canadian Dollars at $0.7705 per CAD. Suppose the futures price closes today at $0.7800 per CAD. At the beginning, the initial performance bond is $1400. What is the bond ending balance, to nearest cents

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