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Problem 2 . 1 1 . A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 1

Problem 2.11.
A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 120 cents per pound, the initial margin is $6,000 per contract, and the maintenance margin is $4,500 per contract. What price change would lead to a margin call? Under what circumstances could $2,000 be withdrawn from the margin account?
comment: And does a margin call occur when the futures price of frozen orange juice falls to how much per pound?
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