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A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 2 0 , 0 0 0 pounds.

A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 20,000 pounds. The current futures price is 200 cents per pound, the initial margin is $8,000 per contract, and the maintenance margin is $6,000 per contract. What price change would lead to a margin call?

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