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D Questions 8 to 10 are based on the same information Suppose that you enter into THREE futures contracts to BUY July silver for $10.20

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D Questions 8 to 10 are based on the same information Suppose that you enter into THREE futures contracts to BUY July silver for $10.20 per ounce on the New York Commodity Exchange. The size of the contract is 5,000 ounces. The initial margin is $4,000 for each contract, and the maintenance margin is $3,000 for each contract. Question 9 0.5 pts Suppose at the end of the first trading day, the futures price is $10.00 per ounce, what is the ending balance on your margin account? HTML Editora A. IE311 X E E ITT: 12pt Paragraph

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