Question: f a client wanted to go long on 10 Mar Oil contracts, how much margin is required to purchase the trade @ $50.00? Contract Name:

f a client wanted to go long on 10 Mar Oil contracts, how much margin is required to purchase the trade @ $50.00?

Contract Name: Crude oil mar contract

Contract Size: 1000 barrels

Minimum price increment: $0.01

Margin Requirement: $5000

Current price: $50 per barrel

a.

$10,000

b.

$87,000

c.

$50,000

d.

$51,00

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