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You enter into a short crude oil futures contract at $42 per barrel. The initial margin is $3,369 and the maintenance margin is $2,578. One
You enter into a short crude oil futures contract at $42 per barrel. The initial margin is $3,369 and the maintenance margin is $2,578. 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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