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A customer is long three soybean futures contracts at 425 1/4 cents per bushel. The initial margin is $.12 per bushel, and the maintenance margin
A customer is long three soybean futures contracts at 425 1/4 cents per bushel. The initial margin is $.12 per bushel, and the maintenance margin is $.10. (The contract min tick is 1/4 cent) At what price will the customer receive a margin call?
Note: The answer is not 423 1/4
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