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You have a long position in ten futures contracts, each good for one unit of a commodity. The futures price is 238 per contract and
You have a long position in ten futures contracts, each good for one unit of a commodity. The futures price is 238 per contract and over the next three days it becomes 232, 222,222. The initial margin is $10, and the maintenance margin is $8 (each per contract). After the three days what is your gain or loss for the ten contracts? (enter loss as a negative number)
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