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3. Suppose you enter into a short futures contract to sell May 22 silver for $24.15 per ounce on the COMEX. The size of the

3. Suppose you enter into a short futures contract to sell May 22 silver for $24.15 per ounce on the COMEX. The size of the contract is 5,000 ounces. The initial margin is $15,400, and the maintenance margin is $14,000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call?

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