Tom buys two July futures contracts on frozen orange juice. Each contract is for the delivery...

Tom buys two July futures contracts on frozen 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. What price change would lead to a margin call? Under what circumstances $2,000 could be withdrawn from the margin account?

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jeff jeffy answered 4 months ago

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