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A company enters into 10 short futures contracts to sell 5,000 bushels of corn each (50,000 bushels in all) for 400 cents per bushel. The

A company enters into 10 short futures contracts to sell 5,000 bushels of corn each (50,000 bushels in all) for 400 cents per bushel. The initial margin per contract is $4,000 and the maintenance margin is $3,000. At what price does corn need to rise to to trigger a margin call?

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