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A customer goes short 8 silver contracts. His trade is executed at 4 1 6 . 5 cents per ounce ( contract size = 5

A customer goes short 8 silver contracts. His trade is executed at 416.5 cents per ounce (contract size =5,000 troy ounces, minimum tick is .5 cents/oz.). Initial margin is $1,200 per contract, and maintenance margin is $1,000. At what price will the customer receive a call for additional margin?

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