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A manufacturing company enters into a long futures contract on 25,000 pounds of copper for 231 cents per pound. If the price goes to 227

A manufacturing company enters into a long futures contract on 25,000 pounds of copper for 231 cents per pound. If the price goes to 227 cents per pound, what will be the companys margin account balance? The initial margin is $4,000 and the maintenance margin is $2,500.

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