What price will you receive a margin call

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A company enters into a short futures contract to sell 5000 bushels of wheat for 569'4 cents per bushel. The initial margin is $ 1500 and the maintenance margin is $1100. At what price will you receive a margin call? Please write the answer in cents and in the format as 570.5 (one decimal point, no dollar sign).

Reference no: EM132467339

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