A company enters into a short futures contract to sell 1,000 barrels of oil for...
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Accounting
A company enters into a short futures contract to sell 1,000 barrels of oil for $50 per barrel. The initial margin is $6,000 and the maintenance margin is $4,000. What is the futures price above which there will be a margin call?
A $51 per barrel
B $52 per barrel
C $54 per barrel
D $53 per barrel
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