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b. Alex sells six September futures contracts on silver. Each contract is for the delivery of 5,000 troy ounces. The current futures price is $22.205

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b. Alex sells six September futures contracts on silver. Each contract is for the delivery of 5,000 troy ounces. The current futures price is $22.205 per ounce. The initial margin is $9,350 per contract and the maintenance margin is $8,500 per contract. What is the futures price per ounce that would lead to a margin call? ( 3 marks)

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