Question: You post the required initial margin of $3277 per contract and sell 2 copper futures contracts for 25,000 pounds of copper each at a futures

You post the required initial margin of $3277 per contract and sell 2 copper futures contracts for 25,000 pounds of copper each at a futures price of $3.201 per pound. At the close of the trading day, the futures price is $3.167. What is your account balance at the close of the day? Assume no margin calls.

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