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Tom buys two July futures contracts on frozen orange juice. Eachcontract is for the delivery of 15,000 pounds. The current futuresprice is 160 cents per pound, the initial margin is $6,000 percontract, and the maintenance margin is $4,500 per contract. Whatprice change would lead to a margin call? Under what circumstances$2,000 could be withdrawn from the margin account?
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