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A trader takes a long position in TWO July futures contracts on frozen orange juice, at a futures price of 1 5 6 . 0
A trader takes a long position in TWO July futures contracts on frozen orange juice, at a futures price of cents per pound. Each contract is for the delivery of pounds. The initial margin is $ per contract, and the maintenance margin is $ per contract. At what futures price will the trader be able to withdraw $ from the margin account? Enter your answer in cents, and to decimal places.
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