What is futures price per unit which will be margin call, Financial Accounting

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What is futures price per unit which will be margin call

Problem 1: A company enters into a long futures contract to buy 50,000 units of a commodity for 70 cents per unit. The initial margin is $4,000 and the maintenance margin is $3,000. What is the futures price per unit above which there will be a margin call?

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Financial Accounting: What is futures price per unit which will be margin call

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Financial Accounting: What is futures price per unit which will be margin call

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