1-You buy 1 May Silver futures contracts (each contract represents 5,000 ounces) at $15.25 per ounce. The initial margin per contract is $5,500 and the maintenance margin is $5,000 per contract. What price will the silver contract need to move to to trigger a margin call?

Group of answer choices

$15.149

$15.249

$15.155

$15.351

$15.451

2-

Why is knowing the "cheapest-to-deliver" in a futures contract important?

Group of answer choices

It determines the location for delivery.

It determines the timing of delivery.

It determines the priority of delivery.

The price of the contract will act like the price of the cheapest-to-deliver into the contract.

3

Oil futures are trading at $70 per barrel, the contract unit is 1,000 barrels, the initial margin is $2,900 and the maintenance margin it $2,750. What is the notional value of one oil contract?

Group of answer choices

$70

$70,000

$2,900

$40,000

$290,000