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Your broker requires an initial margin of $ 2 , 5 0 0 and a maintenance margin of $ 2 , 0 0 0 on
Your broker requires an initial margin of $ and a maintenance margin of $ on Treasury note futures. Treasury note futures contracts are based on a $ par value and quoted in points and of of a point. You sold of Treasury futures contract at the closing settlement quote of yesterday. Today, the settlement quote is Your margin balance at yesterday's close was $ All margin calls restore margin levels to their initial level. Will you receive a margin call based on today's settlement quote and if so for what amount? pts Show all work.
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