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A company enters into a short futures contract to sell 50,000 pounds of cotton for 75 cents per pound. The initial margin is $4,000 and

A company enters into a short futures contract to sell 50,000 pounds of cotton for 75 cents per pound. The initial margin is $4,000 and the maintenance margin is $3,000. What is the futures price above which there will be a margin call?

A 76 cents per pound

B 78 cents per pound

C 79 cents per pound

D 77 cents per pound

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