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A company enters into 2 long futures contract to buy 100,000 units of a commodity for 140 cents per unit. The initial margin is $5,000
A company enters into 2 long futures contract to buy 100,000 units of a commodity for 140 cents per unit. The initial margin is $5,000 and the maintenance margin is $4,000. What is the futures price per unit above which $6000 can be withdrawn from the margin account?
a)144 cents
b)143 cents
c)145 cents
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