Question: Suppose the initial margin on heating oil futures is $ 1 4 , 1 0 0 , the maintenance margin is $ 1 3 ,

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 $.09 from the
previous days price. What is the maximum price decline on the
contract that you can sustain without getting a margin call? (A
negative value should be indicated by a minus sign. Do not round
intermediate calculations. Round your answer to 3 decimal
places.)

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