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Profit/Loss Assignment | Homework For You

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You shorted 50 contracts of 3-month USD/AUD futures at $0.7885. Three days later the futures price $0.7995. The contract size is 125,0000 AUD and the minimum margin is $2,500 for each contract. The maintenance margin is $1,500. Would you get a margin call in day 3? What would be your profit/loss if you closed out your position?Get Finance homework help today

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