Suppose the initial margin on heating oil futures is 14100, Ask an Expert

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Suppose the initial margin on heating oil futures is $14,100, the maintenance margin is $13,000 per contract, and you establish a long position of 17 contracts today, where each contract represents 31,000 gallons. Tomorrow, the contract settles down $0.09 from the previous day’s price. What is the maximum price decline on the contract that you can sustain without getting a margin call? (Round your answer to 3 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92426833

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