What trader would first receive a maintenance margin call

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Problem 1: A trader sells one wheat futures contract, which is for 5,000 bushels of wheat, at $4 per bushel. The trader posts an initial margin of $1,500. If the required maintenance margin is $1,100, the trader would first receive a maintenance margin call at a wheat price closest to:

$3.92 per bushel.
$4.08 per bushel.
$5.45 per bushel.

Reference no: EM132767455

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