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32. A trader enters 2 long futures contracts for 37,500 lbs of coffee per contract with futures price being $1.50Ab. The initial margin per contract

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32. A trader enters 2 long futures contracts for 37,500 lbs of coffee per contract with futures price being $1.50Ab. The initial margin per contract is equal to $5625 and the maintenance margin per contract is equal to $4000. The trader has $12,500 in his margin account just before the next settlement. A decrease in the next settlement futures price from $1.50/lb to Ab will generate a margin call? A. $1.47 B. $1.44 C. $1.38 D. $1.41

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