A trader buys one July futures contracts on frozen concentrated orange juice. Each contract is...
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A trader buys one July futures contracts on frozen concentrated orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 160 cents per pound, the initial margin is $6,000 per contract, and the maintenance margin is $4,500 per contract. At what price would the trader receive a margin call (please enter your answer in cents per pound)
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