1. The quoted settlement prices of the May 2015 Soybean futures contract over five successive trading days were as follows:

4/3/2015	979
4/6/2015	971
4/7/2015	971
4/8/2015	954
4/9/2015	951

The contract calls for delivery of 5,000 bushels of soybeans and is quoted in cents per bushel. The initial margin required by the exchange was $2,300 per contract, and the maintenance margin was $2,000.

c. If a trader took a long position in one contract on April 3, 2015 at the settlement price on that day, and deposited the minimum required margin into her margin account, what futures price on a subsequent day would have triggered a margin call? [1 point]