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A company enters into a short futures contract to sell 20,000 units of a commodity for 70 cents per unit. The initial margin is $4,000

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A company enters into a short futures contract to sell 20,000 units of a commodity for 70 cents per unit. The initial margin is $4,000 and the maintenance margin is $3,000. What is the futures price per unit above which there will be a margin call? Select one a 78 cents b. 75 cents 0.74 cents d. 72 cents

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