A short futures contract covers 5000 pounds of a commodity with a minimum price change of $0.01 is sold for $31.60 per pound. If the initial margin is $2,525 and the maintenance margin is $1,000, what is the lowest price where there would be a margin call? Assume $0.01 is the minimum change in the futures price. O a. 32.11 O b. 31.29 O c. 31.09 O d. 31.91 The spot price plus the cost of carry equals O a. The risk premium O b. The futures price Oc The expected future spot price O d. The convenience yield