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You enter into a short futures contract to sell 50,000 units of a commodity for 60 cents per unit. The initial margin is $4,000 and

  1. You enter into a short futures contract to sell 50,000 units of a commodity for 60 cents per unit. The initial margin is $4,000 and the maintenance margin is $2,500. What is the price of the commodity that you will receive a margin call?

    A.

    57 cents
    B.

    68 cents
    C.

    72 cents
    D.

    63 cents

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