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Business, 11.02.2020 17:24 haileyhale5

A trader buys one July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 100 cents per pound, the initial margin is $6,000 per contract, and the maintenance margin is $4,500 per contract. At what price could $1,500 be withdrawn from the margin account?

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