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You just took a long position in 5 futures contracts for crude oil, at day 1 settlement price of $ 5 2 per barrel. Each
You just took a long position in futures contracts for crude oil, at day settlement price of $ per
barrel. Each contract is for barrels. The initial margin is $ per contract, and the maintenance
margin is $ per contract. The settlement price on days through are: $ $ $ $ $
$ $ You then decide the close the trade on day at a price of $ Make a table similar to the one
on page in the textbook also see the example on Slide in the Chapter lecture notes showing your
margin account.
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