Determine dollar amount of the maintenance margin


An American company sells yen futures contracts to cover possible exchange losses on its export orders denominated in Japanese yen. The amount of the initial margin is $20,000, and the maintenance margin is 75 percent of the initial margin. The value of the company's position declines by $6,000 because the spot rate for yen has increased. What is the dollar amount of the maintenance margin?

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Finance Basics: Determine dollar amount of the maintenance margin
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