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A company enters a short position in 3 e-mini S&P500 futures contracts. The index futures...

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Accounting

A company enters a short position in 3 e-mini S&P500 futures contracts. The index futures price is currently $1506 and the mini S&P500 index futures have a multiplier of 50. The initial margin is $6,400 and the maintenance margin is $5,800 per contract. At what index futures price will there be a margin call?

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