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You buy the following futures contract for 100,000 Canadian dollars: Maturity: December 2021 F 0 : $0.79 U.S./CAN If margin is 10% of the contract

You buy the following futures contract for 100,000 Canadian dollars:

Maturity: December 2021

F₀: $0.79 U.S./CAN

If margin is 10% of the contract size, calculate the dollar amount of margin deposited when the position is opened.

790

7,900

79,000

10,000

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