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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 $2,500 and a maintenance margin of $2,000 on Treasury note futures. Treasury note futures contracts are based on a $100,000 par value and quoted in points and of 132 of a point. You sold 5 of Treasury futures contract at the closing settlement quote of 118'239 yesterday. Today, the settlement quote is 128'099. Your margin balance at yesterday's close was $1,620. 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? 3pts. Show all work.
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