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You hedged your banks exposure to declining interest rates by buying one June Treasury bond futures contract at the opening price on April 10 at

You hedged your banks exposure to declining interest rates by buying one June Treasury bond futures contract at the opening price on April 10 at 119-075. It is now Tuesday, June 10, and you discover that on Monday, June 9, June T-bond futures opened at 121-200 and settled at 120-280. If you deposited the required initial margin on April 10 (the initial margin is equal to $1,800) and have not touched the equity account since making that cash deposit, what is your equity account balance?

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