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Yesterday, you entered into a futures contract to buy 62,500 at $1.50/. Your initial margin was $3,750 (-0.04 x 62,500 $1.50/ -4 percent of the

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Yesterday, you entered into a futures contract to buy 62,500 at $1.50/. Your initial margin was $3,750 (-0.04 x 62,500 $1.50/ -4 percent of the contract value in dollars). Your maintenance margin is $2,000 (meaning that your broker leaves you alone until your account balance falls to $2.000). At what settle price (use 4 decimal places) do you get a margin call? O $1.5280/ O $1.4720/ O none of the options $1.500/

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