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You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per

You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. At the end of the day the futures price is $1,008 per unit. What is the balance of your margin account at the end of the day? Question 17 options: 1) $1,800 2) $2,200 3) $2,600 4) $3,200

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