Question 36 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, what is the lowest price (cents per pound) where there would be a margin call? Please round the number solution to 2 decimal places. Your answer: (cents per pound)