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Question 27 2 pts A trader longs three futures contracts on live cattle. Each contract covers 40,000 pounds of cotton. The current futures price is
Question 27 2 pts A trader longs three futures contracts on live cattle. Each contract covers 40,000 pounds of cotton. The current futures price is 121.55 cents per pound. If the initial margin is $3,100 and the maintenance margin is $1,600, at which futures price (cents per pound) could $3000 be withdrawn from the margin account? Please round the number solution to 2 decimal places. Your answer: (cents per pound)
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