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A company enters into a short futures contract to sell 25,000 units of a commodity for 950 cents per unit. The initial margin is $4,500 and the maintenance margin is $3,750. Calculate the futures price per unit that will allow $2,000 to be withdrawn from the margin account.
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A company enters into a short futures contract to sell 25,000 units of a commodity for 950 cents per...
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