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You have entered into a cme futures contract to buy british pounds at a settlement price of $1.2898/ with an initial performance bond deposit of

You have entered into a cme futures contract to buy british pounds at a settlement price of $1.2898/ with an initial performance bond deposit of $3,500. The contract size is 62,500.

If the maintenance performance bond requirement is $2,400, at which settlement price will you receive a margin call?

$1.3074/

$1.3282/

$1.2722/

$1.2514/

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