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Please answer type the question by using computer, so i can see it clearly, thank you!!! Tom sells six July futures contracts on coffee. Each
Please answer type the question by using computer, so i can see it clearly, thank you!!!
Tom sells six July futures contracts on coffee. Each contract for 37,500 pounds to be delivered. The current pound futures price is $2.2565. The original margin is $9,900 per contract, with a $9,000 per contract maintenance margin. What is the futures price per pound that would lead to a margin call?
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