Question: How do you solve this? es Jon establishes a long position of one T-bond future today for a settlement price of 102'12. The exchange requires

How do you solve this?

es Jon establishes a long position of one T-bond future today for a settlement price of 102'12. The exchange requires an initial margin of $2700 and a maintenance margin of $2600. his contract price next day is: Day 1: settlement price102'01 Compute his margin account balance at the end of Day 1. Numeric Response

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