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Business, 24.04.2020 16:01 jasperc2002owy5b5

Your broker requires an initial margin of $6,075 per wheat futures contract and a maintenance margin of $4,500 per contract. Wheat futures contracts cover 5,000 bushels and are quoted in cents per bushel. You sold one wheat futures contract yesterday at the closing settlement price quote of 786. Today, the settlement quote is 808. Will you receive a margin call and if so, for what amount? All margin calls restore the margin level to its initial level. What price per bushel will trigger a margin call?

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