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

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You have entered a short position in an oil futures contract. The contract size is 1,000 barrels for each contract. The initial margin required is $20,000 per contract. The maintenance margin is $17,000. The contract is entered at morket close on February 10 at a price of $64/barret. The oll futures price is $63/ barrel on February 11,$60 /bartel on February 12, and $68/ barrel on February 13 . What is the net gainloss on your position at end of day February 13? finsert your final answer as a full dollar omount le. $600. Be sure to include any margin calls in your overall net gain/loss. Negative answers should be notated with a negative ( ) sign) Numenc Response

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