Question: You post the required initial margin and sell one coffee futures contract for 37,500 pounds of coffee at a futures price of $1.747 per pound.

You post the required initial margin and sell one coffee futures

You post the required initial margin and sell one coffee futures contract for 37,500 pounds of coffee at a futures price of $1.747 per pound. At the close of the trading day, the futures price is $1.76 per pound and your account balance is $3534. You did not receive margin calls and did not add funds during the day. What must be the initial margin requirement, to the nearest dollar

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