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A commodities trader decides to purchase two futures contracts on coffee beans. Each futures contract covers 3 7 , 5 0 0 pounds of coffee,
A commodities trader decides to purchase two futures contracts on coffee beans. Each futures contract covers pounds of coffee, and the current price of coffee is cents per pound. If the price of coffee changes to cents per pound on the first day that this contract is open, then how much money will be added to or subtracted from the trader's margin account?
Make sure to enter a piofit as a positive number and any loss as a negative number in dollars
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