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A trader takes a long position in one July futures contract on frozen orange juice, at a futures price of 1 6 3 . 0

A trader takes a long position in one July futures contract on frozen orange juice, at a futures price of 163.00 cents per pound. One contract is for the delivery of 15,000 pounds. The initial margin is $6000 per contract, and the maintenance margin is $4400 per contract. At what futures price will the trader receive a Margin call?

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