On day 1 an investor entered into a futures contract to buy 62,500 at $1.45/1. The initial performance bond was 2 percent of the USD contract value. The maintenance performance bond was 90 percent of the initial performance bond. Below what settle price will the investor receive a margin call?

Multiple Choice

• $1.4239/1

• None of the options.

• $1.4210/1

• $1.4471/1

• $1.4720/1