price of $50? [5 marks] b) Suppose that you enter into a short futures contract to sell October silver for $17.20 per ounce. The size of the contract is 5,000 ounces. The initial margin is $4,000, and the maintenance margin is 75% of the initial margin. i. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? ii. Complete the margin account below and discuss the impact of the daily closing prices below on your position in the silver futures and determine the profit or loss made if you close your position on 30/09/2021. Margin Date Futures Price ($/oz) Cumulative Gain/Loss Gain/Loss Margin Account($) Call 22/09/2021 18.0 1 23/09/2021 18.2 24/09/2021 18.5 25/09/2021 17.4 26/09/2021 17.3 29/09/2021 17.2 30/09/2021 16.8 112 malal