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You short 25 oil futures contracts at a price of $1.52 per gallon, where each contract represents 42,000 gallons. You initial margin is $6,075 per

You short 25 oil futures contracts at a price of $1.52 per gallon, where each contract represents 42,000 gallons. You initial margin is $6,075 per contract, and the maintenance margin is 4,500 per contract. If the settlement price today is $1.59, what is your gain or loss? Will you receive a margin call? If so, how much do you need to deposit into the account?

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