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John can buy 2,000 units of corn at $57 per unit in a long future contract. The required initial margin is $33,000 and the maintenance
John can buy 2,000 units of corn at $57 per unit in a long future contract. The required initial margin is $33,000 and the maintenance margin is $25,000. What is the minimum future price (in $) that allows John to withdraw $15,000 from the margin account? Select the most suitable answer.
a.
63.0
b.
62.5
c.
65.5
d.
64.5
e.
66.0
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