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You enter into a short crude oil futures contract at $43 per barrel. The initial margin is $3,366 and the maintenance margin is $2,575. One
You enter into a short crude oil futures contract at $43 per barrel. The initial margin is $3,366 and the maintenance margin is $2,575. One contract is for 1,000 barrels of oil. By how much do oil prices have to change before you receive a margin call? Express the price in \$ with a margin of error +/0.01
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