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A company enters into a short futures contract to sell 15,000 units of a commodity for $1.20 per unit. The initial margin is $5,000 and
A company enters into a short futures contract to sell 15,000 units of a commodity for $1.20 per unit. The initial margin is $5,000 and the maintenance margin is $3,500. At what futures price per unit will there will be a margin call? a) $1.25
b) $1.10
c) $1.30
d) $1.50
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