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You have entered a long position in an oil futures contract. The contract size is 1,000 barreis for each contract. The initial margin required is

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You have entered a long position in an oil futures contract. The contract size is 1,000 barreis for each contract. The initial margin required is $22,000 per contract. The maintenance margin is $18,000. The contract is entered at market close on January 7 at a price of $67/0 arrel. The oil futures price is $64/ barrel on Jan. 8,$62/ barrel on Jan. 9 , and $69/ barrel on Jan. 10. What is the final balance in the margin account? Numeric Response

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