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You enter a futures contract to buy white maize for R1,900 per tonne, for delivery in three months. The contract size is for the delivery

You enter a futures contract to buy white maize for R1,900 per tonne, for delivery in three months. The contract size is for the delivery of 1,000 tonnes. The initial margin is R250,000 and the maintenance margin is R80,000. When will you receive a margin call? What change in the futures price led to this margin call? (Show all your calculations)

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